joyesh
Long

Long Hindustan Unilever HINDUNILVR

NSE:HINDUNILVR   HINDUSTAN UNILEVER
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
Comment: 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
Comment: 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
Trade closed: target reached: Exit at 2175.

Exhaustion appears to be continuing.
Nov 04
Comment: Price action confirms exhaustion.
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