This stock has given good breakout from cup-n-handle chart pattern on hourly and inverted head and shoulder chart pattern on daily, along with good intensity of volume.
As per previous price actions support and resistances areas & depth of cup pattern and also depth of head pattern, all are co-incidentally matching with trend based fib extension target levels up...
Hind Unilever - 15 min charts showing signs of weakness below 2486 level . hence shorts can be initiated with stoploss as mentioned on chart for clear understanding. overall the chart is making lower highs and lower lows as well if u paint channels
As you can see ITC formed leading diagonal in a monthly chart and gives a breakout upside. ITC completed it's 1st and 2nd wave and it's now in 3rd wave of monthly chart. The first Target of ITC will be 387 and second Target 417. We can see a very strong upside movement in ITC.
trendline ressistance breakout as well as minor ressistance
but stock are on major ressistance and wait for breakout and closing candle above ressistance.
we should wait for retest then we should think about buy.
after doji candle formation give confirmation by next bullish candle and show up trend.
marubozu candle formation which is bullish candlestick.
stock above 200 ema which also a bullish signal.
ressistance line as well as traingle break with high volume.
Hindustan Unilever has formed a nice bullish candle on weekly and monthly time frame.
The stock has closed below its 20 ema on monthly time frame and above 20 ema on weekly time frame.
On daily time frame, the stock has taken resistance from its 200 ema and has formed a spinning top kind of candle. There is a bullish divergence on RSI indicator on weekly time...
Good Morning !! Welcome to the quick update for HUL. Hindustan Unilever Limited is a consumer goods company that specializes in daily-use items. It looks good both technically and fundamentally as of now. It was under a falling wedge for a long time. As of now, it has finally broken its long-time resistance of Rs 2210 and is currently trading around Rs...