HUL LONG OPPORTUNITY

HUL TRYING TO FORM A INVERSE HEAD AND SHOULDER PATTERN WHERE ONE SHOULDER IS YET TO BE FORMED , ALSO THERE IS A RSI BEARISH DIVERGENCE AT CURRENT AREA SO THIS CAN BE THE REASONN FOR ANOTHER SHOULDER FORMATION AND SEEING THE PREVIOUS TRENDLINE THERE IS RESISTANCE AS MARKED WHOSE BREAKOUT POINT IS NEAR THE SECOND SHOULDER , ONCE BREAKOUT IS DONE IT CAN SHOW A GOOD MOVE UPSIDE
SCENARIO 2 SHOWS DOUBLE BOTTOM FORMATION TOO WHICH IS ALSO A BULLISH PATTERN SO KEEP THIS IN WATCHLIST.
BUY @2105
SL 2150
TARGET 2160,2200,2300++

Comment:

UPDATE:
IT PERFECTLY MOVED AS PREDICTED AND GAVE AN AMAZING MOVE OF 250 POINTS IN 2 WEEKS ....ALL TARGETS ACHIEVED AND MOVED BEYOND TARGETS.