Hindustan Unilever taken support and looking a good buy at CMP 2405 for the upper marked Target on Chart until 2460 is intact on downside.
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InvestPro India Team
Sometimes it's better not to waste time predicting the market. Rather we must focus on the industry. FMCG is among one of the most evergreen industry that historically we have ever seen. The industrialist in this field had always constantly tried to expand geographically and financially.
The chart of CNX FMCG indicates a...
Hindustan unilever,
After giving breakout from resistance zone on 20th august, it has made high of 2859 and now retracing towards 0.50% or till 0.618%, which is healthy retracement levels to go long. In both macd and rsi there is hidden bullish divergence seen, One can grab this opportunity to go long, if price retraces till 0.50% to 0.618%
which is near 2488 to...
From my understanding of the charts, Hindustan Unilever has dropping below 50 days moving average and touching 100 days moving average with RSI well within oversold levels indicates the completion of a cycle of profit booking.
Historically, Hindustan Unilever has respected the 100 days moving average line as a firm support level and hasn't faltered more than 7%...
Hindustan Unilever is currently on a Very Important level . It is retesting both all time high breakout level as well as the trendline . And volume also seems to pickup . I wanted to enter earlier too when breakout happened but that was way too parabolic and risk reward wasnt good so i didnt . i dont fix any target i just like to ride the scrip as long as so a...
EXPLANATION : This is a 2 hour time frame chart of HINDUNILVR . It has been in consolidate for days , If give a any side of breakout I'm expecting big move in HINDUNILVR . Down side levels marked in chart , for Up side levels use Fib Retracement .
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Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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 advisor before taking any trade.
The stock ( NSE:HINDUNILVR ) is in a tight range and is starting to stick to the upper limit of the range. It is an indication of accumulation.
Keep an eye on it. It is also supported by the 50 period moving average.
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
![HINDUNILVR: HINDUNILVR breaks after a long time [one year]](https://s3.tradingview.com/r/RhqpvoIY_mid.png "HINDUNILVR breaks after a long time [one year]")
![HINDUNILVR: [SWING TRADE] BUY HINDUSTAN UNILIVER](https://s3.tradingview.com/w/woEIUAyH_mid.png "[SWING TRADE] BUY HINDUSTAN UNILIVER")
