HINDUNILVR✅ 2417-2477 Weekly Multiple Time test Level and now price come to this level.
✅ Price try to make Double Bottom on Daily & 4 hr.ly TF you can look for long trade.
✅ But you can look 2527-2537 level for Intraday for Short Trade and you can go for Long on Double Bottom Neck line Retest Entry.
HINDUNILVR
Hindustan Unilever Swing TradeHindustan Unilever is near support zone on daily chart .
Entry
We can go long after close of strong bullish candle near support zone .
Target
The Target will be the next resistance zone as marked on chart.
Stoploss
We can keep stoploss below the support zone .
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H&S pattern in HINDUNILVR ???!!!!Chart depicts the situation...
Strong DOJI candle on 9th december(day candle) with volume at perfect resistance level shows some sort of lag in bulls approach, which may leave space for bears to get back to go through a down swing move inside the triangular primary channel.(clearly seen in weekly time frame)
Now, coming to 2hr time frame,
1. Head and Shoulders pattern (right shoulder in progress..)
2. Entry can be after breakdown after the right shoulder.
3. Risky entry can be now....with a SL ON 2HR CANDLE CLOSING ABOVE 2721.
4. Target levels as mentioned in chart.
Let's wait and watch ...how it moves...!!!
Note- just sharing my view....not a tip nor advice!!!
HUL good to watchNSE:HINDUNILVR
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
HUL losing 5% in 2 session. What next?Hindustan Unilever has lost 5% in only 2 trading session, taking stock around 2500 figure.
The stock on the daily time frame has broken the 20 DMA and closed just near the support level of 2500.
The support has been tested 4 times and if the support line is broken the stock can plummet to 2450 levels.
Even on the weekly chart analysis, the stock is trading under 20 ema.
3 Point confirmation
1. Close below the 20 DMA (on daily chart).
2. High volume break down.
3. Bearish moving average cross over (on hourly charts).
The stock can be prefered for a sell trade once it start trading below the 2500 level.
Target :- 2450 (200 DMA), 2415
Stop loss :- 2525
Stock option for the next month expiry can be traded in the stock.
Wait for the levels to break down and watch for a price action near the levels before entering the trade.
10/11/2021 Research Report For Hindusthan UnileverDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy at C.M.P (Current Market Price) to Maximum at 2457]
Target 1:- 2480
Target 2:- 2486
Target 3: 2516
Target 4:- 2540
Hindustan Unilever Ltd -Daily Time Frame View(3 rd Oct)Current Trend:
1) Top of parallel channel
2) Triple Top
3) Resistance Zone
4) 0.854 level of Fib
Oi too conforms Max call option writes at 2700 and max pain @2700
Target:2530
As per Oi and technical analysis , one can sold call option above 2720
HINDUSTAN UNILEVER - Breakout of Head & Shoulder - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.