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.
The move up from 1628 level looks like a corrective W-X-Y correction which suggests that we are seeing an upmove for the retest of the yellow trendline, after the retest if we see a reversal near the same then that would be an ideal shorting opportunity which can take this market down to the levels of 1600 or lower, more precise targets can be predicted once the...
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