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HINDUNILVR

Hindustan Unilever is showing signs of bearishness Hindustan Unilever is showing signs of bearishness Reasons/Traits : • Daily Trend far away from 20 EMA • Uptrend is in pause mode • Bearish Harami followed by two shooting stars/inverted hammer formed (Chances of going down) • Since 17 sessions stock did not retrace • Volume is decreasing • RSI and MACD in overbought zone • For a healthy uptrend retracement need to happen What can happen next : Scenario 1 : If we consider 6th Sep shooting star as retest then price going down below 2757 can take it down to 2660 and then 2600 levels Scenario 2 : Price going up can retest 2825 levels or up before going down to touch EMA 20 around 2655 levels (0.382 fib levels). If it sustains here trend will be up else trend can go down till 0.50 and 0.618 fib levels before going up and any failure here can lead to 1 and 1.237 levels of fib to complete the retracement cycle 2600 level is very crucial, Let’s see.. Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:HINDUNILVRShort
by AdhigamaTrading
1
HINDUNILVR: At strong support and MA SupportSo the idea is, you can clearly see HINDUNILVR is at strong support zone of 2304 and also touching at 20 period MA and as per history trend whenever HINDUNILVR touches 20 MA it bounces back. HINDUNILVR respect 20 MA a lot (I have marked the instances on chart) but thing is previous instances were monthly candles but today its almost start of month so I think this time it will break 20 MA support and can reach to 2229 area then bounce back from bottom. Not giving Targets or SL for HINDUNILVR as this stock is just to buy whenever you got chance to get it. HINDUNILVR has Strong Fundamentals. Note: I'm new to technical analysis , do your own maths. I'm open to new ideas and flaws in my analysis, so please do comment and collaborate. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
NSE:HINDUNILVR
by hrprtsnghsht
Simple Trade Setup| HUL [HINDUSTAN UNILVR] |24-11-2021[INTRADAY]NSE:HINDUNILVR I am posting this as one of the follower on twitter requested for it. Observations: 1) On 1day time frame, it is still sustaining above the parallel channel. Please refer the same which was provided in previous trade setup. Please refer below chart : 1 day Time Frame. 2) On 1 day time frame, today's candle closed just above the upper trendline of parallel channel. Please refer below chart : 1 day Time Frame. Also major critical zone is 2360 to 2400. If it gives breakout of 2400 level then we can see a bullish move and sustainable breakdown of 2360 will make it bearish. ------------------------------------- Trade Setup for Date: 24-11-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HINDUNILVR
by Trading_hawk