HINDUNILVR

HINDUNILVR - POSITIONAL

AS PER THE TRENDLINE CHANNEL, IT IS AT A VERY STRONG SUPPORT AREA.
A BREAK ON THE UPSIDE ABOVE 2240 WITH VOLUMES WILL BRING FURTHER BUYING.
INITIATE LONG POSITIONS ONLY AFTER A BREAK 2240 LEVELS WITH VOLUMES ON CLOSING BASIS.


AREAS OF SUPPORT - 2200/2180
AREAS OF RESISTANCE - 2280/2310/2350

Trade active:

HINDUNILVR LOOKS VERY STRONG FOR AN UPMOVE

one can initiate longs by buying HINDUNLVR AUG 2220CE - @55-60
STOPLOSS - 45
TARGETS - 70/75/80/85/90/100/110

Trade active:

11.08.2020
TRADE INITIATED ----
HINDUNLVR 2220CE AUG BUY @55 (2LOTS)
STOPLOSS - 45
TARGETS - 70/75/80/85/90/100/110

MODIFIED SL TO RS 40
AND AVERAGED THE PRICES TODAY BY BUYING 2220CE @45 (2LOTS)
AS THE CONSUMPTION SECTOR WAS IN GREEN FROM MORNING, SO MODIFIED SL AND HELD ONTO MY POSITIONS AND AVERAGING THEM OUT

CURRENTLY HOLDING 2220CE (4LOTS) AVG PRICE - RS 50
SL 40
TARGETS - 70/80/90/100/ 100++


AS PER THE BREAKOUT IS OF THE VIEW IN CASH --
INTIATE LONG POSITIONS IN CASH SEGMENTS ONLY WHEN LEVELS OF 2235-2240 LEVELS ARE BROKEN & SUSTAINED ON CLOSING BASIS WITH GOOD VOLUMES

Trade closed: stop reached:

EXITED THE STOCK AS SL WAS HIT.
MARKET FACED HUGE SELLING PRESSURE DURING THE WAY WHICH WAS UPSATED ON MY TELEGRAM CHANNEL BEOFRE THE SELLING GOT TRIGGERED. SO EXITED
LOSS - 12,000/-