HINDUNILVR
HINDUNilVRLETS WATCH THE HINDUSTAN UNILVER STOCK. LETS BREAK THE CHANNEL. ADD THE STOCK IN YOUR WATCH LIST.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
How to trade descending triangle pattern....??HINDUSTAN UNILEVER is making descending triangle in 30 min time frame.
The descending triangle is a bearish formation.
It is usually forms during a downtrend as a continuation pattern.
There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns.
Most traders look to initiate a short position following a high volume breakdown from lower trend line support in a descending triangle chart pattern.
In general, the price target for the chart pattern is equal to the entry price minus the vertical height between the two trend lines at the time of the breakdown.
HINDUSTAN UNILEVER KEY LEVELS SUPPORT AND RESISTANCE 15/05/2020Key Levels for HUL :
UPPER BREAKOUT~2016.30
FIRST TARGET~2028.20
INTERIM RESISTANCE~2043.70
FINAL RESISTANCE~2062.35
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LOWER BREAKOUT~1988.80
FIRST TARGET~1966.30
INTERIM SUPPORT~1941.25
FINAL SUPPORT~1923.75
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
Hindustan Unilever is coming down to 1995I am seeing Hindunilvr coming down to 1995 and the bouncing altough it can break that too and i think as moving averages show bearish trend and also william % show that it is over bought zone and the price is facing a resistence all of these make this a good sell opportunity but it is also subject to monday market conditions too
suggest me more stocks that i should analyse i am still learning