2. Recently, On Day Chart HUL has Morning Star Formation , But it does not have a strong volume on last day.
3, So, It may recheck the price of 1984. Story of 1984-- 1984 is the 78.6% retracement level from recent low of 1857 to high of 2485 . 1984 also got the strong buy volume on day chart. 1984 is a strong support for now.
4. On Drawing AB=CD Pattern on HUL From Price level A= 1857,B = 2485,C =1984. Formation of AC=0.786. Lets Identity the reversal Point D Assuming BD=1.27 (to satisfy AB=CD Pattern Low Level), D Form at 2618 May be BD=1.61 (to satisfy AB=CD Pattern High Level) D Form at 2799
5. On Drawing Fibonacci Retracement from the recent HIGh and low . 2100 is 0.27 level . Price may find the resistence here.
5. So Buy Above 2102 Target 2618 , 2799 Stop Loss 1900
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