HUL or Hindustan Unilever looks weak - Short with a stop of 2060
Hindustan Unilever posted a huge gain on the back of Corp Tax rate cuts, profit booking has set in after an gain of 8-9%.
It is on the verge of breaking a triangle pattern on the downside,
It is way ahead of 20 DMA, RSI and CCI are indicating price corrections on shorter duration charts.
Short positions can be considered on break of 2010, with a immediate target of 1956 and it weakness persists second target of 1921.
Stop loss of 2060 should be followed.
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It is on the verge of breaking a triangle pattern on the downside,
It is way ahead of 20 DMA, RSI and CCI are indicating price corrections on shorter duration charts.
Short positions can be considered on break of 2010, with a immediate target of 1956 and it weakness persists second target of 1921.
Stop loss of 2060 should be followed.
Please consider liking this idea / post if you find it worthy, you may also follow me for periodic updates on Nifty, Bank Nifty, Silver or Gold.