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Hul

Hindustan UnileverThis 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 to 2750-2900. One can go long at current levels or in dips (yes possible) On the way down 20DMA and RK's stop line can provide good support now, which are pegged near 2278 - 2280 areas. Inverted head and shoulder chart pattern breakout on daily chart price action scenario along with Fibonacci extension levels Breakout with good intensity of Volume Cup n handle pattern breakout on weekly RSI cup-n-handle chart pattern breakout on hourly chart Price support resistance areas and trend based fib extension levels RSI double breakout on daily chart and now above 60 & 70 levels. RSI double Breakout on weekly chart and now above 60 levels. MACD in weekly positive and now above zero line. MACD in daily chart positive and now above zero line. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:HINDUNILVRLong
by RK_Chaarts
13
Hindustan Unilever view for next week 02/05/22.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 frame. Support :- 2214, 2110 Resistance :- 2300, 2420 Wait for a close above its 200 ema on daily time frame and watch for a price action near the levels.
NSE:HINDUNILVR
by Mambotrade
HUL : HINDUSTAN UNILEVER LOOKS GOOD ??Hello !! 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 2255. The Rs 2210 will now act as strong support as it was the major resistance for a long time which has now turned into major support. One can consider adding this to your bag for long-term holding. The expected entry should be around Rs 2215 to Rs 2260. Don't add all at once, add some now and add it when the price touches around Rs 2215 to Rs 2225. The expected target can be around Rs 2433 to Rs 2727 and this looks good for the long term. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
NSE:HINDUNILVRLong
by ScramblerG