Shivamsha

long position

Long
Shivamsha Updated   
NSE:HINDUNILVR   HINDUSTAN UNILEVER
HUL a stock in fmcg is extraordinary performing in such volatile market and is also more volatile during this days on weekly chart that is as per long term view the stock is in continue uptrend and the same is trending above 50 day EMA and 200 day EMA though it take dip from above the trendline but the closing was above 5o day ema which make it more strong for upmove the stock is forming ascending triangle pattern on weekly time frame one can go long for 2020 with sl of immediate 1841 and then 1800
Comment:
on daily closing basis stock closes above 1861 is good entry
Comment:
really sorry it has already close above 1861 one go long from tuesday onward only
Comment:
add @1800 if on daily closing it break then only downward sl of 1841 is for moderate trader not for aggressive trader
Order cancelled
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