Long Hindustan Unilever HINDUNILVR

Oct 11, 2019

Swing Trade with horizon of about 3 months.

Target: Rs. 2200.

Hindustan Unilever has seen about 10 months of consolidation followed by a flag breakout. A close above the downward channel flag could mean a possibility of higher levels to come. The target will be the distance between the base and top of the flag pole (approx. Rs. 200).

Support is seen at Rs. 1920.

Oct 27, 2019

Note

SL should now be trailed to 2100.

While supply is being seen around 2145 levels, stock is still making higher highs and higher lows indicating that the uptrend is intact.

There is a possibility of some consolidation. We will have to wait and watch for confirmation.

Oct 30, 2019

Note

Hanging Man candle has been printed. This is indicative of a possible reversal in prices. However, confirmation is awaited.

CMP is 2175. It is very close to the initial target of 2200. Watch out for price action.

Stop Loss should now be trailed up to 2115.

Oct 31, 2019

Trade closed: target reached

Exit at 2175.

Exhaustion appears to be continuing.

Nov 4, 2019

Note

Price action confirms exhaustion.