Hindustan Unilever WeakHind Unilever Larger View :
FMCG index has turned BIG RED.
Hyper Inflation will lead to less demand.
Sell At Cmp 2565.85
Sell On Rise To 2627-2630
SL - 2680 ( DCB )
Target - 2400
Below 2400 Vertical Fall To 1900
Hindunilever
HINDUSTAN UNILEVER | 2660 - 2700 LOOKS TOUGH ZONEHindustan Unilever approaching towards resistance zone 2660 - 2700 and RR looks good to take short position.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
HINDUSTAN UNILEVER Chart Analysis !!📈 Hindustan Unilever 📉
My Findings :-
1. Breakout from a Swing High.
2. Close Above March 2022 High.
Bias - Long
Target - 2315, 2417 and 2814
SL - 1943
RR- 1:4
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
HINDUNILVR at ideal buying spotHINDUNILVR has bounced off its long-term trendline support. The line has been respected for over three years, including the Mar'2020 fall. Looks like the stock is in an ideal buying zone. Target can be kept at 2525/2800, closing below 2250 can be a safe stop loss for the stock.
Simple Trade Setup | HUL | 01-11-2021 [INTRADAY]NSE:HINDUNILVR
I am posting this as one of the follower requested on twitter.
Observations:
1) On daily time frame, we can see that it is trading below 200DMA which is placed at 2429.01 level.
Also it is in the critical zone of 2365-2400 range.
If we see in past, it stays below 200DMA for short time only.
Safe positional buy trade will be only on sustainable breakout of 200DMA or level 2430 level.
Please refer below chart : 1day Time Frame.
2) Also on daily time frame, as we can see the parallel channel support zone.
And it is just above the upper trendline of the channel.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 01-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Hindustan Unilever AnalysisHINDUNILVR is looking good here for buying. Target and STOPLOSS are mentioned in the chart. It may take around 2-3 months to reach the target.
