GSK will be doing a stake sale tomorrow in HINDUSTAN UNILEVER the price could be between 1950-1850. As per Harmonic Trading Pattern study 1825-1850 has a bullish Crab. It also would be a retest of the rising trend line from where it had made a Bullish Cypher earlier this year. The reversal from high's was picked via a bearish Ichimoku set up which had completed its downside target. (link mentioned below) Now the possibility of a bounce back and/or continuation of uptrend within the rising channel.
Can you please tell that , How much more tyme will HUL take to come at Rs.2200 as I am holding HUL at a price of Rs.2220 and it was going down from past 15 days..
sbhbadrinath
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Seems HUL is bouncing back. At what level it can go? Any idea
Dinesh_C_Nagpal
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@sbhbadrinath, It has resistance at 2050 then 2150. The harmonic pattern will get triggered only between 1825-1875. But that is not a guarantee it will get there. Many a times prices reverse before completion of a pattern.
DeeAhuja
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@Dinesh_C_Nagpal, मुझे भी अब पूर्ण विश्वास हो चला है की हिंदुस्तान यूनिलीवर १८७० के भाव के पास आने के लिए उत्सुक है। १९ मई तक संभव हो सकता है। पुराना न्यूनतम भाव १७५७ ,१९ अप्रैल को रिकॉर्ड किया गया था. धन्यवाद