Hindustanunilever
HINDUSTAN UNILEVER LTDWeekly Chart
Breakout Candidate
Positive Volume
Can give good 20% - 30 % gain
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
📊 Hindustan Unilever 🎯 #hul #nifty #banknifty #niftyfmcgNSE:HINDUNILVR
one can short till prz or until get reversal for long. and ones find reversal at or just below PRZ one can long as well.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
HUL - Wedge formation in ascending triangle I have plotted the HUL wedge formation with ABC wave structure in ascending triangle. The price is likely to retrace up to 2250 to 2230 in 3-4 weeks then again it will bounce back to previous high 2560 in further few weeks, total Duration of pattern will be 7-8 weeks. Observation: 1. Wedge formation in ascending triangle 2. Price is respecting 50 sma on weekly time frame 3. Cup and handle pattern completion on daily time frame 4. Wave A and C are of equal length 5. Divergence in RSI and %R.