HUL....Low Risk (1%)...High Reward (upto 10%)

Firstly, I wanted to share multiple time frame (1D, 1W) chart to validate the Hourly analysis, but due to some limitation couldn't able to do that. Hence presenting hourly analysis ONLY.

Now analysis:
Overall trend: if you observe multiple time frame chart, it is clear that HUL is on BEARISH trend. Hence on hourly trend below are observations:
It may consolidate on Zone-1, however if break following trade can be setup:
Enter: 2225
SL: 2250 (+1%)
Target-1: 2170 (-2.5%) (Should be easy & in short-term)
Target-2: 2050 (-7.8%)
Target-3: 2000 (-10%)
More target can be set as per Fib levels and breakouts.

Rgds

~Stay Safe, Stay Healthy~

Comment:

Now it has entered in ZONE-2...that means it may take consolidation path.....Hence trade with caution.....

Happy trading....

Stay Safe & Stay Healthy

Thanks all for your support & Love :)

Trade closed: target reached:

Now Target-3 achieved. Hope, all of you made good profit. This analysis gives me lot of confidence and boost, will keep sharing on coming thoughts.

Also please let me know if you want a detailed analysis on any stock (through PM or comment section), will try to cover that.

Big Thanks for your love & support.

Stay Safe....Stay Healthy :)

Comment:

I am lot of direct message and comment about future of HUL on coming days. First thanks for your appreciation of my analysis & messages :)

Now some updates:

1. On multi-time frame, price is still on BEARISH mode, so another level of fall is expected. However as Rs. 2000 is strong price support and overall market (NIFTY) is expected to take positive trend from tomorrow, price may move up, but breaking the resistance level of 2050 is very difficult.

2. As per news report (www.moneycontrol.com/news/busine...), from TODAY (07-May-2020) GSK, Horlicks to sell 5.69% stake in HUL and the price band for the block deals has been set between Rs 1,850 to Rs 1,950 a share.So it may even enter in ZONE-4 (1800-1850), which is very unlikely and if happen then for VERY SHORT DURATION.

3. So, if you have risk absorbing capacity, then you should HOLD your stock as HUL is very good & valuable stock as its fundamentals are very strong so it will give good return surely in Long Term, if not in short term.

4. If you still have some margin,you may accumulate the stock on further fall, but please ensure to collect/ BUY the stock at right level (bottom level) not at wrong (top) level, hence wait and watch the price movement within Zones.

5. NOW, final words: Over all market is in positive sentiments about covid recovery, stimulus package etc...etc...but if things will turn NEGATIVE and crash then nothing can save!

Please let me know if any further clarification is required.

Thanks