Hindustan_unilever
Cup & Handle pattern forming on Daily Chart of HULCup & Handle pattern forming on Daily Chart of Hindustan Unilever. BUY 2112, SL 2050, Target - 2280
Note: Risky trade enter closing bases.
* I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
How to trade descending triangle pattern....??HINDUSTAN UNILEVER is making descending triangle in 30 min time frame.
The descending triangle is a bearish formation.
It is usually forms during a downtrend as a continuation pattern.
There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns.
Most traders look to initiate a short position following a high volume breakdown from lower trend line support in a descending triangle chart pattern.
In general, the price target for the chart pattern is equal to the entry price minus the vertical height between the two trend lines at the time of the breakdown.
HINDUSTAN UNILEVER KEY LEVELS SUPPORT AND RESISTANCE 15/05/2020Key Levels for HUL :
UPPER BREAKOUT~2016.30
FIRST TARGET~2028.20
INTERIM RESISTANCE~2043.70
FINAL RESISTANCE~2062.35
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LOWER BREAKOUT~1988.80
FIRST TARGET~1966.30
INTERIM SUPPORT~1941.25
FINAL SUPPORT~1923.75
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
[HUL] >5% return in 2 days...and continue..aslo a humble APPEAL
Hello Friends,
Recently I shared an analysis on HUL and suggested to go for SHORT. This was against all others' recommendations and price trend as price has already crashed by almost 17% from its peak. But many of you supported & liked the idea, so BIG thanks for all of you.
If you go through comment section of my HUL analysis, there are FEW GUYS WHO WERE TROLLING & ABUSING ME for this suggestion!
THIS IS NOT CORRECT way to react to anyone's idea....we may have DIFFERENT opinions, may like it or may NOT like each other's view...BUT WE CAN NOT abuse/ mock the person....it JUST NOT ACCEPTABLE !
IF you don't like the view/ idea JUST IGNORE IT ....We all put lot of time and study the chart and then present to you in simpler & understandable format (colorful).....It take lot of patience....it MAY work and MAY NOT work...but doesn't mean any one has right to MOCK you!
This post is JUST to make a HUMBLE APPEAL to all you , please respect each other's work and DO NOT TROLL/ MOCK/ ABUSE....JUST IGNORE if you don't agree or like it!
Thanks again for your love & support....
HAPPY LEARNING...HAPPY TRADING....
STAY SAFE...STAY HEALTHY....
HUL - taking support, buy for targets of 1980 to 2000+ 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 Rs. 20-25 if stop loss 1917 is followed.
Feel free to send me a direct message if your have any queries.
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HUL | Head & Shoulder PatternHead & 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 risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)