NSE:HINDUNILVR
This line is acting as a trendline and gives major support to the stock.
Arrow marks in this chart indicate whenever the stock price has come closer to this level the price supported and bounced back.
Scenario 1:
Stock can take support at its trendline and continue to be in an uptrend which will make this trendline further stronger.
...
Chart depicts the situation...
Strong DOJI candle on 9th december(day candle) with volume at perfect resistance level shows some sort of lag in bulls approach, which may leave space for bears to get back to go through a down swing move inside the triangular primary channel.(clearly seen in weekly time frame)
Now, coming to 2hr time frame,
1. Head and...
Hindustan Unilever has lost 5% in only 2 trading session, taking stock around 2500 figure.
The stock on the daily time frame has broken the 20 DMA and closed just near the support level of 2500.
The support has been tested 4 times and if the support line is broken the stock can plummet to 2450 levels.
Even on the weekly chart analysis, the stock is trading...
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your...
Hindustan Unilever Limited (HUL) NSE: HINDUNILVR
1. As FMCG Index suggests nearly 3-4% downside space, it would be prudent to wait for some more time in HUL, for a mega move
2. Posting Index chart as well for reference.
The Wave C can lead to strong bearish movement ahead in the stock.
HUL looks weak and can be a good short at CMP 2600 for min target of 2500 with sl of 2655/-
NSE:HINDUNILVR
HUL has corrected from its highs and these levels present a good opportunity to buy.
HUL to 3000 ? Quite Possible.
Can HUL repeat what Adani Wilmar has done(More than double in short term) ? No.
Should you invest aggressively at this point? No but keeping adding on dips.
Can it fall from these level? Yes, it can but that will only give...
HINDUNILVR 2594.95
----OPTION MONTHLY HEDGE----
Buy -1 x 25AUG 2600 PE price-42.05
Sell - 1 x 25AUG 2400 PE Price -3.05
Max Profit = +48,300
Max Loss = -11,700
Breakeven at Expiry = 2561
Probability of Profit 35%
Recently if we observe closely, FMCG Sector is outperforming & helping index to move higher and higher, where it contribute nearly 8% of Nifty 50.
In which ITC is having the highest weightage in the FMCG sector (nearly 30%) followed by HUL (24%), Nestle (7%) and Tata consumer (6%) respectively.
Adding to this VBL is outperforming like anything, compare to...
indecision candle on ressistance line
straight line trend which is trend reversal signal
wait for next candle confirmation for
trend reversal or may be breakout
HUL looks bullish considering recent breakfast . It will be retested and by 10th August expecting the target to be achieved 2626 which is its fresh supply zone.
RSI reached 60 on my setup of 50 period and trend showing aggressive curve for more buying. Expecting sideways move of slow distribution at higher levels and retest. Then should start is downtrend. It it...
Hind Unilever - 15 min charts showing signs of weakness below 2486 level . hence shorts can be initiated with stoploss as mentioned on chart for clear understanding. overall the chart is making lower highs and lower lows as well if u paint channels
