HUL is finally bouncing off the demand zone it has been maintaining from July of last year.
Basically, HUL has been in the range between 2440-65 and 2725-60.
After accumulating for around 10 days at the lower level of the range, yesterday (4th oct), HUL printed a strong Bullish candle closing above this accumulation range.
I am planning a long-swing trade on HUL.
Entry price : 2511
SL : 2439
Target: 2715
Holding period: 2-3 weeks. Max 20 days.
I will book 75% of my position at TP level. And will look if get breakout of the range at the upper level.
Give this post a like, if you agree with this analysis.
Disclaimer: This is my trading plan and i am just sharing it here. I do not intend to post it here as a trading advice or suggestion. It is shared here only for the sole purpose of sharing and discussing with fellow traders. Do your own due diligence and trade responsibly.
Basically, HUL has been in the range between 2440-65 and 2725-60.
After accumulating for around 10 days at the lower level of the range, yesterday (4th oct), HUL printed a strong Bullish candle closing above this accumulation range.
I am planning a long-swing trade on HUL.
Entry price : 2511
SL : 2439
Target: 2715
Holding period: 2-3 weeks. Max 20 days.
I will book 75% of my position at TP level. And will look if get breakout of the range at the upper level.
Give this post a like, if you agree with this analysis.
Disclaimer: This is my trading plan and i am just sharing it here. I do not intend to post it here as a trading advice or suggestion. It is shared here only for the sole purpose of sharing and discussing with fellow traders. Do your own due diligence and trade responsibly.