[HUL] >5% return in 2 days...and continue..aslo a humble APPEAL
Hello Friends,
Recently I shared an analysis on HUL and suggested to go for SHORT. This was against all others' recommendations and price trend as price has already crashed by almost 17% from its peak. But many of you supported & liked the idea, so BIG thanks for all of you.
If you go through comment section of my HUL analysis, there are FEW GUYS WHO WERE TROLLING & ABUSING ME for this suggestion!
THIS IS NOT CORRECT way to react to anyone's idea....we may have DIFFERENT opinions, may like it or may NOT like each other's view...BUT WE CAN NOT abuse/ mock the person....it JUST NOT ACCEPTABLE!
IF you don't like the view/ idea JUST IGNORE IT....We all put lot of time and study the chart and then present to you in simpler & understandable format (colorful).....It take lot of patience....it MAY work and MAY NOT work...but doesn't mean any one has right to MOCK you!
This post is JUST to make a HUMBLE APPEAL to all you, please respect each other's work and DO NOT TROLL/ MOCK/ ABUSE....JUST IGNORE if you don't agree or like it!
Thanks again for your love & support....
HAPPY LEARNING...HAPPY TRADING....
STAY SAFE...STAY HEALTHY....
Now some updates:
1. On multi-time frame, price is still on BEARISH mode, so another level of fall is expected. However as Rs. 2000 is strong price support and overall market (NIFTY) is expected to take positive trend from tomorrow, price may move up, but breaking the resistance level of 2050 is very difficult.
2. As per news report (www.moneycontrol.com...billion-5231421.html), from TODAY (07-May-2020) GSK, Horlicks to sell 5.69% stake in HUL and the price band for the block deals has been set between Rs 1,850 to Rs 1,950 a share.So it may even enter in ZONE-4 (1800-1850), which is very unlikely and if happen then for VERY SHORT DURATION.
3. So, if you have risk absorbing capacity, then you should HOLD your stock as HUL is very good & valuable stock as its fundamentals are very strong so it will give good return surely in Long Term, if not in short term.
4. If you still have some margin,you may accumulate the stock on further fall, but please ensure to collect/ BUY the stock at right level (bottom level) not at wrong (top) level, hence wait and watch the price movement within Zones.
5. NOW, final words: Over all market is in positive sentiments about covid recovery, stimulus package etc...etc...but if things will turn NEGATIVE and crash then nothing can save!
Please let me know if any further clarification is required.
Thanks