HINDUNILVR
Potential breakout occuring in Hindustan Unilever
Broad based buying seen across consumer stocks. (Check Dabur, Godrej CP). Trading above key MAs, trying to break above resistance zone.
Already broken above previous high, good volume activity. Can be a good long trade.
Target R1 / R2 based on monthly pivots, the R:R stands at 1:1 and 1:2 respectively, with an SL coming below today's low.
Potential breakout occuring in Hindustan Unilever
Broad based buying seen across consumer stocks. (Check Dabur, Godrej CP). Trading above key MAs, trying to break above resistance zone.
Already broken above previous high, good volume activity. Can be a good long trade.
Target R1 / R2 based on monthly pivots, the R:R stands at 1:1 and 1:2 respectively, with an SL coming below today's low.
Trade closed: stop reached:
Likely closing below breakout candle low
Time to get out!
Time to get out!
Comment:
Looks like it recovered that day and just managed to close above day's low.
Anyone who still held this congratulations you've discipled yourself to follow the trade rules!
Poor decision from me in hindsight, as I close the trade when it started trading below 2650.
Now, the initial trade still exists, will update this as it happens despite closing the trade from my side
Anyone who still held this congratulations you've discipled yourself to follow the trade rules!
Poor decision from me in hindsight, as I close the trade when it started trading below 2650.
Now, the initial trade still exists, will update this as it happens despite closing the trade from my side
Comment:
Still hasn't closed below the stop level
Lets see how it closes