IT HAS TAKEN SUPPORT ON YELLOW TREND LINE FOR NOW IF IT BREAKS IT ON CLOSING BASIS LOWER TREND LINE IS GOOD PRICE FOR INVESTMENT WHICH IS MARKED WITH GREEN ARROW AND MAKE SURE LOWER TREND LINE IS NOT BROKEN ON CLOSING BASIS
HINDUSTAN UNILEVER LIMITED: The stock had a fabulous run in the last few months. In the last few weeks, the stock displayed a loss of momentum and correction occurred. Now the stock took a hit at an important pivot and corrected. The stock has minor support at 1995 – 2000 levels below which there may be a further correction to 1920 levels. However, a move above...
FROM THE CONSOLIDATION PHASE IT MOVED UP 309 RS.(100%) APPROX NOW IT HAS STARED FALLING ONCE LOWER TREND LINE IS BROKEN ON CLOSING BASIS FIRST TARGET IS 50% RETRACEMENT OF 309 RS. AS GIVEN IF IT DOES NOT STOP THERE IT WILL HEAD TOWARDS 66% RETRACEMENT AS GIVEN MAX CORRECTION AS WE STUDIED A STOCK CAN DO IS 66% IF IT DOES NOT STOP THERE IT CAN CORRECT 100% GOOD...
Swing Trade with horizon of about 3 months.
Target: Rs. 2200.
Hindustan Unilever has seen about 10 months of consolidation followed by a flag breakout. A close above the downward channel flag could mean a possibility of higher levels to come. The target will be the distance between the base and top of the flag pole (approx. Rs. 200).
Support is seen at Rs. 1920.
Hindustan Unilever posted a huge gain on the back of Corp Tax rate cuts, profit booking has set in after an gain of 8-9%.
It is on the verge of breaking a triangle pattern on the downside,
It is way ahead of 20 DMA, RSI and CCI are indicating price corrections on shorter duration charts.
Short positions can be considered on break of 2010, with a immediate...
Hindustan Unilever has been consolidating in the form of an ascending triangle for more than a year.
This consolidation is now finally broken. I'l leave it to you to decide entry for this LONG journey!
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.
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HUL seems to be in a commonly occurring pattern where there's a flat pattern between two major moves. Now that the recent highs are tested, probability is that the price will test the low again and then make a major upward move. My view is that HUL will dip to retest the lows first and then move up. I would look to Buy, after THE dip.