HUL ASCENDING TRIANGLE BREAKOUT(HOW TO TRADE)

A FEW IMPORTANT THINGS ABOUT BREAKOUTS WHICH MAKES IT VALID:-
MOMENTUM INDICATORS ENTERING NEW ZONES
20-DMA/50-DMA/100-DMA/200-DMA ALL MOVING IN AN UPWARD DIRECTION
MACD WAS TURNED POSITIVE NEAR ZERO LEVELS WHICH SHOWS THE POSSIBLILTY OF LONG UPSIDE
BREAKOUT OF THE RANGE AFTER MINIMUM 3 ATTEMPTS
VOLUME> 20-DAY VOLUME AVERAGE
"lets understand that all above indicate that in the near future there is a strong upside move expected in HUL"
now how we set the target????
"we use the (base resistance level) and the beginning of the trendline as a price range and add it to the upside from the resistance level"
"REMEMBER we use the trendline which we will use to extend as an exit signal from the stock this will mostly happen near the throwback level"
"if there no pullback from the breakout that means that the pattern is invalid"
TRADE VIEW:-
There are two types of trade in HUL
1)FOR LONG TERM POSITIONAL TRADERS/INVESTORS
BUY @ 1290-1296
STOP @ 1265
TARGET 1 @ 1350 (EXPECTED PULLBACK LEVEL)
TARGET 2 @ 1380
TARGET 3 @ 1400
2)FOR SHORT TERM SWING/DAY TRADERS
BUY @ 1291
STOP @ 1280
TARGET @ 1310
(I HAVE GIVEN ONE TRADE CALL ON HUL ALREADY)
THE MORE THE STOCK MOVES ON THE UPSIDE WILL CAUSE THE WEEKLY TIME FRAME CHART TO LOOK GOOD

!!HAPPY TRADING!!
!!PLEASE LEAVE A LIKE COMMENT BELOW!!
!!WATCH out for BTST/STBT IDEAS @ 3:20!!
!!EVERYDAY!!
TRADE CALLS
BTST HDFC BANK @1810 TARGET @1825-1830
BTST HDFC DEV @1650 TARGET @1660-1670
BTST M&M FIN @455 TARGET @461-466
STBT INDIGO @1128 TARGET @1115/1105
POSITIONAL
HUL @ 1288
TATA MOTORS @400
AMBUJA CEMENTS @260
KOTAK BANK @1000 ONLY AFTER 997
INIDGO @1150 TGT @1125 TARGET REACHED
LT @1200 TGT 1987 STOP LOSS HIT
MAHANAGAR GAS @1145 TARGET 1180
FOR BUSINESS PURPOSE CONTACT
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