HINDULVR share was in downward momentum from some last trading days.
It made a downward trendline and on Friday the share broke the trendline and,
Second, share took the support from 2680 level two times so now on monday,
You can buy this trade at the level of 2705 for the target of 2750.
Swing target's: 2800.
What's your view on this comment below in...
HUL is making LH-LL in 15 min chart, however it has consolidated today and a sideways movement has been seen in all the 15 mins candles. It it breaks the box pattern and 2 candles close above the downward trendline then it should signify bullish performance going forward.
P.S: Sharing just my analysis so that I can verify it coming days, I am a learner, don't take...
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 .
If you like this analysis of Stock give a Like // Follow for more updates , let me know in comments below :)
HINDUNILVR 15 min time frame analysis
Traders can go for swing trade for this one .
See the movement and Go long and follow proper stop loss
*We are not SEBI registered
This is only for educational purpose.
Please consult your advisor before making any trade or investment
Hindustan Unilever is showing signs of bearishness
• Daily Trend far away from 20 EMA
• Uptrend is in pause mode
• Bearish Harami followed by two shooting stars/inverted hammer formed (Chances of going down)
• Since 17 sessions stock did not retrace
• Volume is decreasing
• RSI and MACD in overbought zone
• For a healthy uptrend retracement need...
Today i have made a post on HINDUNILVR 15m timeframe
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted...
almost 6 months cnsolidation. waited 6 months to touching green support line. but not touched (indicates strong uptrend)
#the_pravin #simplepriceaction #notoindicator #nakedchart #swingtrading
HUL has been taking consistent supports from the bottom trendline since 2018. Thus there is a high probability it would act the same way here as well.
But I jumped in a bit earlier and I have solid reasons for that. The first being that HUL has shown a massive bullish candle right at support. So chances of a trend reversal seem high.