Hindustan Unilever Ltd - 11.02.2022Hindustan Unilever Ltd - 11.02.2022
The stock is trading @ 2258 levels
There is a STRONG SUPPORT @ 2250
The prices are below EMA
There is a SPINNING TOP in Weekly Chart
RSI is 40 in Weekly Chart
Let the prices go above 2281, one can initiate a BUY position with Support @ 2222
Watch out for the price action
Hul
HINDUNILVR at ideal buying spotHINDUNILVR has bounced off its long-term trendline support. The line has been respected for over three years, including the Mar'2020 fall. Looks like the stock is in an ideal buying zone. Target can be kept at 2525/2800, closing below 2250 can be a safe stop loss for the stock.
🧴 Hindustan Unilever Swing Opportunity 🎯NSE:HINDUNILVR
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 As One can see, This Pattern has Been Made on Weekly Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 2208.60 Targets :- 2241, 2278, 2327 and more trailing basis
PRZ 2 :- 2167.20 Targets :- 2208, 2241, 2278 and more trailing basis
SL :- 2120 (Closing Basis)
Note:- As Per this harmonic pattern, stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, ask doubts in comments below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Simple Trade Setup| HUL [HINDUSTAN UNILVR] |24-11-2021[INTRADAY]NSE:HINDUNILVR
I am posting this as one of the follower on twitter requested for it.
Observations:
1) On 1day time frame, it is still sustaining above the parallel channel. Please refer the same which was provided in previous trade setup.
Please refer below chart : 1 day Time Frame.
2) On 1 day time frame, today's candle closed just above the upper trendline of parallel channel.
Please refer below chart : 1 day Time Frame.
Also major critical zone is 2360 to 2400.
If it gives breakout of 2400 level then we can see a bullish move and sustainable breakdown of 2360 will make it bearish.
-------------------------------------
Trade Setup for Date: 24-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
HUL Channel PatternHey traders,
Stock of the day: Hindustan Unilever (W)
Hindustan Unilever Limited is engaged in fast-moving consumer goods business.
*Technicals:
Parallel Channel pattern
One can buy 1-2 stock of HUL everyday (according to your capital size) so that you can average down the price
or once stock start momentum one can enter with full fledge qty.
SL below the Trendline...
*Fundamentals:
P/E: 70.51 | Sector P/E 47.84
Current price is more than the intrinsic value (usually common in FMCG Stocks)
NSE:HINDUNILVR
HUL - Low risk Set upStock is testing its long-term support trendline. if reverses from here can go 2475/2550/2615.
The main point at the moment is a risk-reward ratio. Which is very favorable here.
Only for learning and sharing purposes. Not a bit of a trading recommendation.
Please comment with your views.
Simple Trade Setup | HUL | 01-11-2021 [INTRADAY]NSE:HINDUNILVR
I am posting this as one of the follower requested on twitter.
Observations:
1) On daily time frame, we can see that it is trading below 200DMA which is placed at 2429.01 level.
Also it is in the critical zone of 2365-2400 range.
If we see in past, it stays below 200DMA for short time only.
Safe positional buy trade will be only on sustainable breakout of 200DMA or level 2430 level.
Please refer below chart : 1day Time Frame.
2) Also on daily time frame, as we can see the parallel channel support zone.
And it is just above the upper trendline of the channel.
Please refer below chart : 1day Time Frame.
-------------------------------------
Trade Setup for Date 01-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
accumulate at mentioned 3 pointsleader in its sector. consumption based theme so will always be in demand. so no reason, not to buy it.
but when to buy is the question. i have marked 3 prominent levels which could be possible points of reversal.
It a range of 200 points. so every dip to those levels could be an opportunity to buy.
This should be a long term pick. 2-4 months as it might take time to unfold in our direction.