Hindustan Unilever has given a breakout with increased volume after a long period. RSI is also above 60 showing strength. Can add this for short term gain as nifty is trading at all time high with a strict SL.
CMP - 2755
Target 1 - 2890
Target 2 - 3030
SL - 2700 (2%)
Disclaimer : This is for educational purpose only. Take advice from your financial advisor...
Targets are mentioned in the chart. But for long term investing. Company financials looks good. Profit down during Covid period, now gets increasing. Coffee can stock.
Hindustan Unilever Limited (HUL) has given a bullish breakout out of a symmetrical triangle.
FMCG sector looks strong and with this breakout, we can expect price of HUL to go high in coming few days.
Entry can be initiated at current market price.
Stop Loss- Below 2523
Target- 2720
Let me know in the comments section if you want me to analyse any other...
it is turning bearish and we may likely see a period of no return in the counter for the upcoming year or so!
a kind of top-out formation which suggest long to be avoided as an investment.
it can test 15200-14900 in coming months/years
HUL LONG
Expecting upmove. Currrently near breaking the resistance levels of 2600.
Once breaks decisively can move to a short term target of 2880.
No recommendations, Just view.
NSE:HINDUNILVR
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you...
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...
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/-
It look a resistance
1) at top of parallel channel
2) 0.854 level of FIB
3) Resistance Zone
once this Support Zone is broken , can except 2380 as next level of support
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...
