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
Trade active
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Target 1 Reached.
Trade active
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Profit Booking from upper levels!
Trade active
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Target 2 Reached!
Trade closed: stop reached
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Stop Loss Triggered. Hope you have booked partial profits at Target 1 and Target 2. Happy Trading!
@IleshPatel Details in the sense, there are only pattern identification skills that you have to develop by your own.
sjpmaster
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The above shown pattern are not Flag & Pole pattern, this is "Elliott Impulse Wave" pattern & the trend is in 3rd wave, 4th & 5th wave yet to come. You are misguiding to people, you should know how F&P patterns is forming.
Avinash9087
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@sjpmaster This is your perspective. Everyone has different i don't mind.
Avinash9087
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@sjpmaster and one more thing Don't be jealous man, just do your work that's it.
Avinash9087
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@sjpmaster, My friend you are not a good observer. You didn't see the trade depending on Double Bottom Pattern and not solely on Flag and Pole pattern. Flag and Pole pattern was created during Breakout so i used it as a double confirmation. I don't know why you have picked only Flag and Pole pattern to get triggered 😂, Double Bottom is also there why you didn't talk about that 😂
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