Hindustan Unilever has lost 5% in only 2 trading session, taking stock around 2500 figure.
The stock on the daily time frame has broken the 20 DMA and closed just near the support level of 2500.
The support has been tested 4 times and if the support line is broken the stock can plummet to 2450 levels.
Even on the weekly chart analysis, the stock is trading...
Hindustan Unilever approaching towards resistance zone 2660 - 2700 and RR looks good to take short position.
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Happy Trading!
InvestPro India Team
HINDUNILVR : Ready for Daily BO
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
NSE:HINDUNILVR
I am posting this as one of the follower on twitter requested for it.
Observations:
1) On 1day time frame, it is still sustaining above the parallel channel. Please refer the same which was provided in previous trade setup.
Please refer below chart : 1 day Time Frame.
2) On 1 day time frame, today's candle closed just above the upper...
EXPLANATION : This is a 2 hour time frame chart of HINDUNILVR . It has been in consolidate for days , If give a any side of breakout I'm expecting big move in HINDUNILVR . Down side levels marked in chart , for Up side levels use Fib Retracement .
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The stock looks good to buy around 2180 levels for the targets of 2250, 2285, and 2320 with the SL of 2130.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Buying in pull-back 2001 nearby.
Put the alert in your trade-terminal.
Expected more than 200 points move in next.
------------------------WEEKLY--------------------------------
Last week has reversal pin-bar and next week expected move 222 point
from 7-Days AT from the closing.
The price follows to lower bound & upper bound of Parallel...
![HINDUNILVR: Simple Trade Setup| HUL [HINDUSTAN UNILVR] |24-11-2021[INTRADAY]](https://s3.tradingview.com/y/Yjd5fZov_mid.png "Simple Trade Setup| HUL [HINDUSTAN UNILVR] |24-11-2021[INTRADAY]")
