Most probably it's in correction, it was bear rally . . Jay Hind !!!
generally my observation says that if there is 2 dynamic or any other kind of resistance nearby, stock moves quickly and test far one
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 - t.me ) Now,...
I would greatly appreciate , if you give me LIKE .
NSE:HINDUNILVR is in the Zigzag of MINOR Degree. . .
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...