THE DESCENDING TRIANGLE WITH NR7 IS A NICE MIX TO TRADE ON. SO KEEP AN EYE ON THE HINDUNILVR FOR THE COMING DAYS.
Beware : Please keep in mind and stay away from False Breakout Traps. Also this is not any recommendation, it is only for educational purpose. Trade at your own risk.
I have sold part holding in cash at 2130. It's in a triangle even now. Can't make out next move. I'm waiting patiently for a breakout either way. Hope for the best.
FAHEEMSAM
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@crorepatideepak, perfectly said. Let's hope for the best. Btw thanks for the support. I noticed you had liked most of my ideas. Thanks again
crorepatideepak
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@FAHEEMSAM, I have published my study (on HUL) but haven't figured out how I can share it here. I'd really appreciate If you could make the time to check it out and offer your critique it'll help me learn. Thanks for your interest.
I like most your studies because they are straight forward and simple. Most of them turned out to be accurate too.
FAHEEMSAM
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@crorepatideepak, Thanks for the compliment. i will check your studies and will comment there. thanks for checking out all my studies. really helps me alot
crorepatideepak
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@FAHEEMSAM, HUL is still not leaving the triangle. It makes me wonder if some strong (long) hand will come out of nowhere and send the price shooting upward. My gut feel is that HUL is entering an intermediate bear phase. It's very difficult to distinguish between my emotions attached to my trading position (hoping that my short position will fetch some profit) and my instincts developed from years and years of observing charts.
FAHEEMSAM
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@crorepatideepak, I am more on the bullish side because the company is fundamentally perfect, low price, growth potential sector etc. It may be because I am always optimistic about the market. But my thought is that HUL will go atleast till 2400 from here. Maybe i am wrong, if i am, i would definitely look at markets in a different way from then. Until then, i am bullish, not on just HUL, but all fundamentally strong companies.
This is for educational purpose only and dont think i am against you in anyway. I am just sharing my thoughts.