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HINDUSTAN UNILEVERGSK will be doing a stake sale tomorrow in HINDUSTAN UNILEVER the price could be between 1950-1850. As per Harmonic Trading Pattern study 1825-1850 has a bullish Crab. It also would be a retest of the rising trend line from where it had made a Bullish Cypher earlier this year. The reversal from high's was picked via a bearish Ichimoku set up which had completed its downside target. (link mentioned below) Now the possibility of a bounce back and/or continuation of uptrend within the rising channel.
HINDUSTAN UNILEVERIt has activated an Ichimoku C Clamp which is suggesting a retest of 2175. View would go wrong if it trades above 2425.
HINDUSTAN UNILEVER FALLING WEDGE ANALYSISAS 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
