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Short

MAKE OR BREAK LEVEL IN HUL- BELOW 1725 ANOTHER 50-90 POINTS FALL

NSE:HINDUNILVR   HINDUSTAN UNILEVER
Today HUL completed my Target on downside of 1735. I was short from Thursday Morning (14th Feb) in HUL via 1780 PUT bought @ 19. It made high of 48 Today.
Basis of that trade was - Inverse Cup and Handle pattern on hourly chart. Neckline was 1790 and target was 1735. Same completed today.
You can refer to that trade on the telegram channel (link - https://t.me/Decoding_Nifty_Banknifty )

Now, Today HUL bounced from the crucial level of 1735. Its the neckline for the Adam Eve Top Pattern.

IF HUL BREAKS BELOW 1735-1725 ZONE THEN IT CAN FURTHER FALL 50-80 POINTS.

TARGET WILL BE:-
* 1670-75
* 1640-35
* 1600

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