Swing Trade with horizon of about 3 months.
Target: Rs. 2200.
Hindustan Unilever has seen about 10 months of consolidation followed by a flag breakout. A close above the downward channel flag could mean a possibility of higher levels to come. The target will be the distance between the base and top of the flag pole (approx. Rs. 200).
Support is seen at Rs. 1920.
Hare Krishna !
The post is to give my personal bias on the stock movement for the coming week.
The stocks have gone through a thorough filtration
The post gives one of the most important needs of a trader ie- the "Direction" .
One can buy or sell based on his or her own strategy/use my method.
For more info on my method you can send me a message.
Good...
Hindustan Unilever have given beautiful breakout on weekly chart and is an ideal contender for buy the dips in coming days as i expect it hit a new all time high in coming weeks.
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TREND ANALYSIS
TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
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I will update the 2nd entry IF it comes.
R:R is good.
Previously I posted this stock under bear attack....this is continues today also
support around 1812 level and the mac OI at 1900...
if the support broken then it can be free fall
HINDUNILVR confirms rectangular channel breakout with good volume. Buy now (1870-1885) for a Target 2080. Time period 3 to 4 months. SL 1790.
Due to big stop, buy in small quantities.
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