Deepak_yadav02

retesting the breakout level - Safe strategy

Long
NSE:HINDUNILVR   HINDUSTAN UNILEVER
Hindustan Unilever is currently on a Very Important level . It is retesting both all time high breakout level as well as the trendline . And volume also seems to pickup . I wanted to enter earlier too when breakout happened but that was way too parabolic and risk reward wasnt good so i didnt . i dont fix any target i just like to ride the scrip as long as so a less risk trade is always my first choice .

Nowadays overall market is at very high level without any time or price correction so its hard to find less risk trades . so dont miss this trade . stoploss is way too small .

Now how to enter
For Risk taking traders - can enter at this level with a day closing basis stoploss 2550 and target is open . Trail the sl to cost if it reaches all time high and then ride the scrip with any system you follow .
For Safe Traders - Wait for confirmation with a bullish candle and better if a long wick on lower side with good volume ( dont enter if its too big ) . and then u can put the stoploss on day closing basis below 2600 if u enter with confirmation .

Please like the post if you like the analysis .
Follow me for more low risk swing trades . Will try to post in market hour next time .
Happy trading .
Trade closed: stop reached: sl hit for risky traders .
no entry for safe traders .