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.
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