It is currently following support and resistance trend lines, both are moving upward. If break resistance trend line price Rs 2250 then it will showing approximate 20-30% up side instead good down side.
The fluctuation of the Hindustan Unilever shown on the chart, let's see
- The stock is still following a modest trend line, so it will touch 2033, then try to break the slight trend line, the target will be 1841-1534
- If the stock closed above resistance trend line price 2250 then there is a chance to go up the side
Most probably quality down side from 2033-2250.
Resistance levels are:
1785 1821 1897 1969
Support levels are:
1722 1646 1612 1574
Upcoming levels & scenario will update
Note:
Stock market is subject to market risk.
This analysis is education purpose only.
Its opinion, buy-sell it’s your choice.
Cheers!
The fluctuation of the Hindustan Unilever shown on the chart, let's see
- The stock is still following a modest trend line, so it will touch 2033, then try to break the slight trend line, the target will be 1841-1534
- If the stock closed above resistance trend line price 2250 then there is a chance to go up the side
Most probably quality down side from 2033-2250.
Resistance levels are:
1785 1821 1897 1969
Support levels are:
1722 1646 1612 1574
Upcoming levels & scenario will update
Note:
Stock market is subject to market risk.
This analysis is education purpose only.
Its opinion, buy-sell it’s your choice.
Cheers!