HINDUSTAN UNILEVER ANALYSIS!
HUL Daily Analysis!
HUL Analysis with combination of Patterns and RSI!
Double Bottom Pattern Formation and Breakout in HUL!
Flag and Pole Pattern Formation and Breakout in HUL!
HUL has made Double Bottom pattern on daily timeframe it has given a breakout to the neck level and retested it's support level on the Neckline only. The interesting fact is, during it's retesting treading sessoins it has made Flag and Pole Pattern and also given a strong breakout. So we have combination of Patterns now with proper Breakouts and Retests. We can expect further upmove in HUL. Nifty also trending upwards.
Entry = Aggressive Investors can buy at current levels, Conservative investors can wait for small retest.
Stop Loss = Below 2577.65
Targets= 1) 2689.80 2) 2740.20 3) 2790.25 or 2827.35
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
HUL Daily Analysis!
HUL Analysis with combination of Patterns and RSI!
Double Bottom Pattern Formation and Breakout in HUL!
Flag and Pole Pattern Formation and Breakout in HUL!
HUL has made Double Bottom pattern on daily timeframe it has given a breakout to the neck level and retested it's support level on the Neckline only. The interesting fact is, during it's retesting treading sessoins it has made Flag and Pole Pattern and also given a strong breakout. So we have combination of Patterns now with proper Breakouts and Retests. We can expect further upmove in HUL. Nifty also trending upwards.
Entry = Aggressive Investors can buy at current levels, Conservative investors can wait for small retest.
Stop Loss = Below 2577.65
Targets= 1) 2689.80 2) 2740.20 3) 2790.25 or 2827.35
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
Trade active:
Target 1 Reached.
Trade active:
Profit Booking from upper levels!
Trade active:
Target 2 Reached!
Trade closed: stop reached:
Stop Loss Triggered. Hope you have booked partial profits at Target 1 and Target 2. Happy Trading!
Avinash K.
