Buy HUL at current price 0f 2081. It has strong support zone at 2050-2070.
On daily chart it has form doii candle near support zone which indicate end of pullback and continuation of the bullish trend.
stoploss at 2050 with target of 2150.
Hindustan 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...
positional setup in nestle and as i written BEYOND technical analysis that truly means its not only about technical analysis and has certain fundamental things logically taken into consideration !
educational purpose only
Head & Shoulder pattern observed in HUL. Candle closing below 1740 has made the pattern valid. Hence, one can take a bearish view with target @ 1635.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry...
Today HUL completed my Target on downside of 1735. I was short from Thursday Morning (14th Feb) in HUL via 1780 PUT bought @ 19. It made high of 48 Today.
Basis of that trade was - Inverse Cup and Handle pattern on hourly chart. Neckline was 1790 and target was 1735. Same completed today.
You can refer to that trade on the telegram channel (link -...