Hindustanunileverlong
Hindustan Unilever Buy above 2207Hindustan Unilever Buy above 2207
TARGETS: 2219, 2232, 2259, 2273, 2280
SL 2150
Posting for Educational purpose only
Closing Basis means stock need to trade above 2207 between 3:20 ~ 3.30 PM
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HINDUNILVR LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART
PRICE HAS FORMED THE HEAD & SHOULDER PATTERN IN HIGHER TIMEFRAME
BUT THERE HAS BEEN ALOT OF BUYING AROUND 2140-2150 LEVELS; IT CAN ACT AS A MAJOR SUPPORT AND WILL REQUIRE DECENT VOLUME TO BREAK THE LEVEL.
2200 WILL ACT AS A GOOD RESISTANCE AND NEEDS TO BE BROKEN BY VOLUME.
The indicator used:
1) Daily Lines plots Daily 20 EMA on lower time frame charts
2) FIBO.
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!