Hindustanunilever
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.
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HULK is Going To Dive in The Deep Sea . . . #EWroxx Most probably it's in correction, it was bear rally . . Jay Hind !!!
Buy- After the DipHUL 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.
Lucrative opportunity for long term buyers!Analysis:-
- Previous week ending 5th April was bearish for HUL. Then a green Doji on 8th April showing indecisiveness against the bears. This was followed by bullish candles confirming a trend reversal this week.
- This reversal happened exactly at the long term trendline as shown.
- Stock moved in downward channel for past two months. Finally appearing to breakout from that channel with volumes.
- Currently on the brink of reclaiming 50 DEMA of 1716. I would like to see HUL cross it in the coming trading sessions to go long for the next leg of rally till 2000 levels while reclaiming other longer term moving averages in process.
- Mild bullish RSI divergence was also observed.
Conclusion : Long term trend is positive and still intact. If you are looking for a long term bet, this appears to be a right time to enter this counter.
Let me know what you think of this opportunity.
Long Hindustan UnileverGo long as per the trendline on Hindustan Unliver in the short to medium term.
HINDUSTAN UNILEVER BEARISHHINDUSTAN 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.
Hindunilvr : At make or break levelNSE:HINDUNILVR
Keep watching, if breaks support level then 40-50 points down move is expected.
HINDUNILVR is in the Zigzag of MINOR Degree. . . NSE:HINDUNILVR is in the Zigzag of MINOR Degree. . .
HINDUSTAN UNILEVER LTD_TREND ANALYSISAs on 18/09/18, HLL has made INVERSE HEAD & SHOULDER CHART PATTERN in 4 hourly and 3 hourly time frames.
Resistance Level: 1669.70
Support Level : 1657.64
Buy HLL for targets 1682.50/1702.20/1731.40 with stoploss 1644.75
HUL taking supportNSE:HINDUNILVR
After breaking trendline it fall to next trendline and closed at support zone.
Closely track it there are chances of reversal from here.
Hindustan Unilever triangle breakout soonNSE:HINDUNILVR
New highs can be seen if it starts trading above today's high
