Hul
HUL - What is the chart saying? 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 buying opportunity and my opinion will be to buy near the support zone .
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
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.
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Disclaimer.
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My studies are for educational purpose only.
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ITC CAN GO STRONGLY UPSIDE!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.
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.
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.
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