HINDUNILVR
[HUL] >5% return in 2 days...and continue..aslo a humble APPEAL
Hello Friends,
Recently I shared an analysis on HUL and suggested to go for SHORT. This was against all others' recommendations and price trend as price has already crashed by almost 17% from its peak. But many of you supported & liked the idea, so BIG thanks for all of you.
If you go through comment section of my HUL analysis, there are FEW GUYS WHO WERE TROLLING & ABUSING ME for this suggestion!
THIS IS NOT CORRECT way to react to anyone's idea....we may have DIFFERENT opinions, may like it or may NOT like each other's view...BUT WE CAN NOT abuse/ mock the person....it JUST NOT ACCEPTABLE !
IF you don't like the view/ idea JUST IGNORE IT ....We all put lot of time and study the chart and then present to you in simpler & understandable format (colorful).....It take lot of patience....it MAY work and MAY NOT work...but doesn't mean any one has right to MOCK you!
This post is JUST to make a HUMBLE APPEAL to all you , please respect each other's work and DO NOT TROLL/ MOCK/ ABUSE....JUST IGNORE if you don't agree or like it!
Thanks again for your love & support....
HAPPY LEARNING...HAPPY TRADING....
STAY SAFE...STAY HEALTHY....
Idea for intraday!!! if nifty opens gap down go short on HUL Stricty Go short if nifty supports....
SL - 2214
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HINDUSTAN UNILEVERGSK will be doing a stake sale tomorrow in HINDUSTAN UNILEVER the price could be between 1950-1850. As per Harmonic Trading Pattern study 1825-1850 has a bullish Crab. It also would be a retest of the rising trend line from where it had made a Bullish Cypher earlier this year. The reversal from high's was picked via a bearish Ichimoku set up which had completed its downside target. (link mentioned below) Now the possibility of a bounce back and/or continuation of uptrend within the rising channel.
HUL: Chart view & Strategy for HULHUL
CMP 2140
Resistance at 2200-2265
Target for the current setup 1928 / 1655
One may look to deploy the following strategy
Consider Selling HUL 30 April Call Option
Lot size: 300
Strike Price: 2240
Last closing Price : 122.25
Any price in the range of 110-125 may be considered to go short on Call option.
Max profit potential in strategy : Rs 33000/- - Rs 37500/- per lot.
The chart pattern gets invalidated if HUL goes above 2265 in Cash market, however the strategy will have an inbuilt protection for a rise in stock up to 2350-2365 giving you a better risk management control over your trade.
Will update further when market opens
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Trade setup with risk and reward rate on HUL.In the last update, I told you to short sell this stock at 2221 and 2245 and the price was fallen up to 2102 (missed target 2083). Again we are seeing a bounce back in price 2270. Let me create a sample of trade setup for you:
Trade-in steps:
1st step to trade short side 2290 nearby
2nd short sell will be at 2315 nearby
Suppose achieve both trades, then stop-loss should be above 2340 above (which is so far). the first target is easy at 2195 nearby.
Another scenario: price fall below 2200 and closed below it with the heavy volume, then target 2143 and 2083 again
Risk and Reward rate is very high in this setup .