Currently near the resistance of previous all time high .
Looking strong on all the time frames. must be taken again around 2170-60 . after breaking can show 2240 / 2280 also
After posting a decent correction and consolidation HUL is taking support and showing strength.
Momentum Indicators and option chain data are confirming uptrend.
Consider buying with a stop loss of 1917, for a target of 1986 - 2014 - 2032.
Traders can consider a strategy i.e. buying a 1940 call near 52 and selling a 2020 call near 18 Rs. Mximimum risk will be...
Head & Shoulder pattern observed in HUL. Candle closing below 1740 has made the pattern valid. Hence, one can take a bearish view with target @ 1635.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry...
Price has reached the weekly trend line along with key fib. Hence showing reversal in near term
Enjoyable risk to reward ratio
levels mentioned in the chart
HINDUSTAN UNILEVER DAILY, took support at 100 sma for 2 times finally broke yesterday.
It took support at 200 sma for 2 times now again sitting at 200 sma with big red candle.
Sign for bearishness.
Today HUL completed my Target on downside of 1735. I was short from Thursday Morning (14th Feb) in HUL via 1780 PUT bought @ 19. It made high of 48 Today.
Basis of that trade was - Inverse Cup and Handle pattern on hourly chart. Neckline was 1790 and target was 1735. Same completed today.
You can refer to that trade on the telegram channel (link -...
Sell: 1573, target: 1500-1510; SL:1600
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
