Simple Trade Setup| HUL [HINDUSTAN UNILVR] |24-11-2021[INTRADAY]

Nov 23, 2021

HINDUNILVR

I am posting this as one of the follower on twitter requested for it.

Observations:

1) On 1day time frame, it is still sustaining above the parallel channel. Please refer the same which was provided in previous trade setup.

Please refer below chart : 1 day Time Frame.


2) On 1 day time frame, today's candle closed just above the upper trendline of parallel channel.
Please refer below chart : 1 day Time Frame.


Also major critical zone is 2360 to 2400.
If it gives breakout of 2400 level then we can see a bullish move and sustainable breakdown of 2360 will make it bearish.

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Trade Setup for Date: 24-11-2021

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.

4) Avoid gap up or gap down chase. Wait and trade between levels.

Please refer below chart for levels.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.