HUL FUT broke above descending channel pattern on an hourly chart with OI suggesting shortcovering turned to long build up.
Very good risk rewad ratio in favour of bulls.
Not to be missed.
Could be bought with mentioned stoploss & target.
Hindustan Unilever Limited (HUL) is a British-owned Indian consumer goods company headquartered in Mumbai. It is a subsidiary of the British company Unilever. Its products include foods, beverages, cleaning agents, personal care products, water purifiers and other fast-moving consumer goods (FMCGs).
ONLY FOR EDUCATIONAL PURPOSE.
Hind 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
In yesterday's trading session price gave a breakout from the range. if 1-2 candles sustain above the breakout zone. Then it can be a trending move.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
Hindustan Unilever has formed an Inverted Head & Shoulder Pattern on the hourly chart. The pattern has formed near a resistance zone, which is a good confluence.
We can go long after breakout above neckline/resistance zone with close of strong bullish candle.
We can keep stoploss below the neckline/resistance zone, with some buffer.
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
Let me know in the comments section if you want me to analyse any other...
1. Pin bar formed ant the round number.
2. The round number location is at support and resistance zone.
3. Fibonacci retracement occured at 61% and 50% level.
4. Overall Trend is down.
5. Take Profit and Stop Loss region correcctly mentioned on chart window.
Hi friends, as you can see today i have the technical chart of Hindustan Unilever . Friends as you can see here it is making a Double To chart pattern which means it can go down. if you find it helpful then pls do like and follow us
✅ 2417-2477 Weekly Multiple Time test Level and now price come to this level.
✅ Price try to make Double Bottom on Daily & 4 hr.ly TF you can look for long trade.
✅ But you can look 2527-2537 level for Intraday for Short Trade and you can go for Long on Double Bottom Neck line Retest Entry.