Hindustan_unilever
HINDUSTAN UNILEVERSometimes 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 bullishness soon or sooner.
And the chart of HINDUSTAN UNILEVER looks the most simple and clear. Hopefully it will perform good by the next 2 months.
Chart & Analysis - Adarsh Dey
Hindustan unileverHindustan 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 2400 zones, with stoploss of 2300, For the Target of previous high of 2859 areas.
key levels are mentioned on chart
Hidden bullish divergences
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Hindustan Unilever position after 2021 Q2 result.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% below it. Good quarterly result of the share coupled with lowered RSI and plateauing straightening PVT means the profit booking Bull run is about to end and another cycle support to trend resistance is about to begin.
retesting the breakout level - Safe strategy 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 less risk trade is always my first choice .
Nowadays overall market is at very high level without any time or price correction so its hard to find less risk trades . so dont miss this trade . stoploss is way too small .
Now how to enter
For Risk taking traders - can enter at this level with a day closing basis stoploss 2550 and target is open . Trail the sl to cost if it reaches all time high and then ride the scrip with any system you follow .
For Safe Traders - Wait for confirmation with a bullish candle and better if a long wick on lower side with good volume ( dont enter if its too big ) . and then u can put the stoploss on day closing basis below 2600 if u enter with confirmation .
Please like the post if you like the analysis .
Follow me for more low risk swing trades . Will try to post in market hour next time .
Happy trading .
Levels for - 27 Sep 2021EXPLANATION : 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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Breakout in Hindustan Unilever Ltd...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.
HINDUSTAN UNILEVER 1DAY TIME FRAME ANALYSISHINDUSTAN UNILEVER 1DAY TIME FRAME ANALYSIS
- Growing in a Rising Channel Since 2017
-Strong Support at 2300 & 2100 Levels
-Major Resistance at 2500, if it breaks, can push it to 2700
- Possible Double Bottom Formation if completes can push it to 2250 - 2100
POSSIBLE SCANERIO:
1. It will take support from the current level and continue its journey towards 2500 (Higher Probablity)
2.If it breaks 2300 levels there is a chance it will bounce back from the trendline around
2260 so if it falls one can take entry around 2260 to TGT of 2500
Hindustan Unilever - Channel breakout 🔴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 its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
HUL - RETURNS 🐛 🐛 tested crucial lvlTested crucial level.
Will take a good move from here.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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