📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Symmetric Triangle
📌 Symbol/Asset: Hindustan Unilever
🔍 Description: FMCG Giant is moving in well-defined boundaries of a symmetrical triangle, a breakout may occur now or possibly after another leg.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Fmcgstock
COLPAL Set to Outperform Index Nifty 50Attached: COLPAL/ NIFTY 50 Daily Chart as of 11th May 2023
The above Ratio Chart shows a Classic Bull Flag Setup within an Inverted Head & Shoulders Pattern. This is Bullish Evidence in favor of the Ratio Rallying Upwards
They say Buy Strength and Sell Weakness
Therefore this makes NSE:COLPAL a BUY given its Potential to Outperform!
Hindustan Unilever Bullish Breakout | Swing Trade | Hindustan Unilever Limited (HUL) has given a bullish breakout out of a symmetrical triangle.
FMCG sector looks strong and with this breakout, we can expect price of HUL to go high in coming few days.
Entry can be initiated at current market price.
Stop Loss- Below 2523
Target- 2720
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.