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Hindustan Unilever long opportunityNSE:HINDUNILVR Stock -> Hindustan Unilever TimeFrame -> Weekly Hello all! Hindustan Unilever has corrected about 40% from its highs in September 2021. The stock has been in a downtrend since then and has been taking stiff resistance from trendline 1. It approached its strong support band of 1850-2000 and took a strong bounce from there with good volumes and also broke trendline 1. The retest of the trendline has been done and its followed by a bullish candle. This thus makes for a good opportunity to go long. Apart from the price action, the stock also seems to be taking support from its 200 weekly EMA. Also the bounce has come from the 50% fib level which further strengthens the conviction on going long.
NSE:HINDUNILVRLong
by Traders_Town
1
DABUR Long opportunityNSE:DABUR Stock -> Dabur TimeFrame -> Weekly Hello all! Dabur has been traveling in a channel since May 2017. It is now again at the lower end of the trendline and thus it makes for a good opportunity to go long from here! There are multiple other factors apart from the usual price action: 1) Stock is in its support zone. 2) Stock has taken a bounce off of its weekly 200 EMA. 3) Stock has bounced off of its golden Fibonacci zone (not shown here as that would make the chart too complicated). The Reward to Risk ratio also seems to be good. *NOT A CALL*
NSE:DABURLong
by Traders_Town
NAUKRI Long opportunityNSE:NAUKRI Hi all! InfoEdge (Naukri) has been following a channel since March 2020(Covid crash). It's now at the lower channel trendline and this I believe generates a good opportunity to go long! There are multiple indications that strengthen my conviction: -> Presence of 200 daily EMA -> Strong support zone -> Stock is between 50 -61.8% fib level (golden zone) Risk-averse traders can enter after the stock breaks trendline 1. Aggressive traders can enter as soon as it touches the 200EMA because the stop loss will be really small. *NOT A CALL* HAPPY TRADING!!
NSE:NAUKRILong
by Traders_Town
2