HINDUSTAN UNILEVER, As trading in the channel range and going down with break of the support.
Everything mentioned in the chart.
HINDUSTAN UNILEVER
EXPECTING DOWNSIDE BREAKOUT
SUPPORT IS PLACED @2150
CMP @2151
DOWNSIDE VIEW --2055-2020
UPSIDE STOP OR RESISTANCE @2190
5-7 TRADING DAYS EXPECTED
{MY ALL VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE.}
I hope you can now see how HINDUNILVR represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed...
Hindustan Unilever
BUY ABOVE 2130
TARGETS: 2138, 2148, 2155, 2165, 2174, 2184, 2192
Posting for Educational purpose only
If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
HINDUNILVR FUTURE (2182.35) Strong Support Zone @2180-50. Resistance Line at 2211 if Breakout Resistance Line and hold then go long for Levels - 2249/2299/2349.
VIEW NEGATED BELOW - 2184 (DCB).
THE DESCENDING TRIANGLE WITH NR7 IS A NICE MIX TO TRADE ON. SO KEEP AN EYE ON THE HINDUNILVR FOR THE COMING DAYS.
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.
Thank you
Have a Nice day!!
This is a long term idea for HINDUNILVR. The overall trend for the stock is bullish, hence going long. (Always stay in the direction of the general trend)
The price has been making higher highs and higher lows. Currently it is stuck in a tight consolidation range. I am expecting the price to break above 2280 (high of the current range). Once the range is broken,...
HINDUSTAN UNILEVER
Narrow Range
Support around 2166,
Resistance around 2260.
closing below support may
give the level of 2160.
.
If you like, just hit thumbsup button
or comment and share.
.
Updated on : 01-Aug-2020 11.00pm
Disclaimer: Only for learning purpose.
