Long:Hindustan Unilever
1) Positive divergence visible on daily time frame
2) At bottom of parallel channel from 2018
3) Pinbar formed on daily chart and bottom of channel
4) Horizontal Support at 2310-2290
Nifty FMCG:
1) Formed pin bar at 200 DEMA
2) Positive divergence visible on daily time frame
3) Weekly price forming pinbar at 50 WEMA
4) Monthly price riding 9 MEMA
Most likely reversal can be seen from these levels and very good opportunity to enter quality stock of Hindustan Unilever.
Please note that this view is for educational purpose only.
2) At bottom of parallel channel from 2018
3) Pinbar formed on daily chart and bottom of channel
4) Horizontal Support at 2310-2290
Nifty FMCG:
1) Formed pin bar at 200 DEMA
2) Positive divergence visible on daily time frame
3) Weekly price forming pinbar at 50 WEMA
4) Monthly price riding 9 MEMA
Most likely reversal can be seen from these levels and very good opportunity to enter quality stock of Hindustan Unilever.
Please note that this view is for educational purpose only.
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