During the recent correction, NSE:HINDUNILVR has retraced to 61.8% Fibonacci on a weekly timeframe, forming a long wick, suggesting somewhat strong reversal from that zone.
With strong Q2, the stock might test 1680 levels.
Hindustan Unilever has been on an upward channel for a while. It seems to be firmly heading upwards. I feel if it bounces back up from the closest support line then it will keep heading upwards. Let's see if my analysis holds true.
HINDUNILEVER is in its lifetime high levels. Restesting it a few times already on the neckline.
Completing the cup and handle beautifully. Tomorrow being the result, awaiting the breakout or reversal from the high levels.