Hindustan Unilever - Short
Updated
Unilever is moving in channel. Strong bearish red candle has pierced the 44 SMA. Short for lower targets to lower trend line.
Target : 2220; 2200.
Stop loss: 2402
Target : 2220; 2200.
Stop loss: 2402
Note
risk to reward is 1.5Personally i wouldn't want to short a bluechip FMCG stock though
Note
wait for price to reach lower trendline channel, then buy for an amazing 18-20% upside!
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