SubramanianThangaraj

HUL falling wedge in 1 Hour Time frame

Long
NSE:HINDUNILVR   HINDUSTAN UNILEVER
This is a follow up on my previous post on HUL, (You can check that in related Idea field below).
Having a 4 year long support, We can witness that this stock is forming a falling wedge pattern in 1 hour time frame. We can take entry ONLY if it closes strongly above the resistance trend line drawn in this chart.
NOTE : This holds true only if NIFTY/SENSEX holds its position.

Disclaimer - I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.