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HINDUSTAN UNILEVER LTD.
Long
3 days ago
HUL: Bullish Setup Near Order Block!
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Order Block at Support:
The price is trading within a marked order block zone (₹2,260–₹2,326), which historically acted as a strong demand area.
This zone aligns with the upward-sloping green trendline, reinforcing support strength.
Bullish Falling Wedge: (Similar to 3 Drive Pattern)
A falling wedge pattern is visible, typically signaling a potential bullish breakout.
The price is currently testing the upper trendline of the wedge.
RSI Trendline Support:
RSI shows a bullish divergence with higher lows while the price forms lower lows.
RSI trendline is intact, indicating strengthening bullish momentum.
Confirmation Checklist:
Ensure a breakout above ₹2,387 with strong volume.
Monitor RSI to stay above 50 for continued bullish momentum.
Look for bullish pattern in minor timeframe for perfect entry and Stop Loss
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