seekedgetrade

#hindustanuniliver #HUL : broke out of resistance within channel

Long
NSE:HINDUNILVR   HINDUSTAN UNILEVER
this stock is riding a multi year trendline channel and has broken out of a previous resistance tested 4
times in 1.5 years. momentum is bullish on all timeframes but an entry now may not be ideal and
it could now take a dip in a week or two and reverse and watching the candle pattern on signals of reversals could give
a multiweek swing trade if there is patience.
Comment: breakout from flag pattern happening.some more room left for channel top atleast

Comments