Hindustanunilever
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.
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HINDUSTAN UNILEVER INVESTMENT BEST PRICETWO SUPPORTS WITH RED LINE ARE SHOWN ONCE BROKEN ON CANDLE CLOSING BASIS GO SHORT FINAL TARGET ALSO GIVEN WHICH IS NEAR LONG TERM TRENDLINE IT WILL BE THE BEST PRICE FOR INVESTMENTS ALSO STOCK MIGHT TAKE SUPPORT AT FIRST RED LINE GOOD LUCK
NOTE: TRADE AT YOUR OWN RISK
HUL retraced from an importan resistance zone. Fall to continue?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 2100 will negate the corrective view and the stock may continue the trend up.
HINDUSTAN UNILEVER FALLING WEDGE ANALYSISAS YOU CAN SEE IT IS RESPECTING FALLING WEDGE PATTERN ONCE LOWER TRENDLINE IS BROKEN ON CLOSING BASIS TARGET FOR SHORT IS 2015 BUT REMEMBER IT MAY KEEP CONSOLIDATING BETWEEN THESE LINES SO NOW LOWER TRENDLINE IS TOUCHED IT MIGHT GO UP TO UPPER LINE GOOD LUCK
NOTE: TRADE AT YOUR OWN RISK
HINDUSTAN UNILEVER SHORT IDEAFROM 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 LUCK
NOTE: ONLY FOR EDUCATION PURPOSE
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Long Hindustan Unilever HINDUNILVRSwing 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.
HUL or Hindustan Unilever looks weak - Short with a stop of 2060Hindustan 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 target of 1956 and it weakness persists second target of 1921.
Stop loss of 2060 should be followed.
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