THE STOCK ALREAEDY BROKE OUT AND NO IS RETESTING THE TRIANGLE.
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
The indicator used:
1) Daily Lines plots Daily 20 & 50 EMA on lower time frame charts
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to...
HUL is showing signs of a breakout from a symmetrical triangle.
I am also indicating the ideal breakout range.
Keep on radar.
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ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE.
BUT THERE HAS BEEN ALOT OF BUYING AROUND 2140-2150 LEVELS; IT CAN ACT AS A MAJOR SUPPORT AND WILL REQUIRE DECENT VOLUME TO BREAK THE LEVEL.
2200 WILL ACT AS A GOOD RESISTANCE AND NEEDS TO BE BROKEN BY VOLUME .
The indicator used:
1) Daily Lines plots Daily 20 & 50...
HUL is a good quality stock with some good fundamental results.
Although the stock breaked it's 1.018% fib level which is the highest fib level,
There are also 3 resistances that the stock needs to break for a confirm buying.
Risk lovers would like to enter at CMP as the stock breaked it's highest fib level.
There are also risk takers but they need some...
The analysis is given on the chart
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I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and...
The stock had been trapped in a channel for a long time. Last day, it broke out of the pattern, so now we can see trend confirmation. The bearish trend will be confirmed if the latest low of 2125 is broken. This is an intraday pick. Also note that trend reversal can happen.
Buy above 2151.75
Sell below 2125
Avoid the stock if a big gap up or gap...