HUL- This elephant may dance
HUL was trading in a channel shown in chart for last 3 months. It recently showed a breakout from this channel. Current pattern shows retest of the channel. If this is successful, we may see HUL scaling new heights.
Recent budget announcements are in a way beneficial for FMCG sector.
You can keep it in watchlist. If it sustains above channel, investors can buy it with a stoploss at lower end of channel.
This is not a buy/sell recommendation.
This post is only for educational purpose.
Kindly consult your financial advisor before investing.
Use strict stoploss and money management rules.
Happy Trading!!
Recent budget announcements are in a way beneficial for FMCG sector.
You can keep it in watchlist. If it sustains above channel, investors can buy it with a stoploss at lower end of channel.
This is not a buy/sell recommendation.
This post is only for educational purpose.
Kindly consult your financial advisor before investing.
Use strict stoploss and money management rules.
Happy Trading!!
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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.
Related publications
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.