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
Comment if you have any query and if you like my analysis, don't forget to press the like button.
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...
HUL is at a resistance at 2177. If the resistance is broken, there is potential of a breakout.
Buy at 2180.
Target at 2230
Stop loss at 2155.
NSE:HINDUNILVR
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
Note:
Avoid the stock if a big gap up or gap...
![HINDUNILVR: SHORT HINDUNILVR [VT LEVEL]](https://s3.tradingview.com/l/LpXvP1Sb_mid.png "SHORT HINDUNILVR [VT LEVEL]")
