HINDUNILVR - HINDUSTAN UNILIVER
One of the well-known FMCG companies has fallen -16% from its 52 weeks high. There are some support and resistance which I found in the chart.
Let me know how it looks for you.
Thanks!
Hello, Kotak bank shows a divergence (RSI) on 15 minute chart, However instead of exiting our long position we can hold the stock till it breaks down the trendline.
A recent example, that I personally encountered :
On 20th August - 24th August we could see a divergence on the Hourly chart of Hindustan Unilever, snapshot of which can be seen in the comments...
AS YOU CAN SEE IT IS RESPECTING FALLING WEDGE PATTERN ONCE LOWER TRENDLINE IS BROKEN ON CLOSING BASIS TARGET FOR SHORT IS 2015 BUT REMEMBER IT MAY KEEP CONSOLIDATING BETWEEN THESE LINES SO NOW LOWER TRENDLINE IS TOUCHED IT MIGHT GO UP TO UPPER LINE GOOD LUCK
NOTE: TRADE AT YOUR OWN RISK
