Get started
kusharora007

Hindustan Unilever - Short

Short
HINDUSTAN UNILEVER (NSE:HINDUNILVR)  
kusharora007 Updated   
NSE:HINDUNILVR   HINDUSTAN UNILEVER
Trend Analysis Moving Averages
2
0
trendanalysis movingaverage
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
Comment:
risk to reward is 1.5
Personally i wouldn't want to short a bluechip FMCG stock though
Comment:
wait for price to reach lower trendline channel, then buy for an amazing 18-20% upside!
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.