🧴 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.
Hul
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.
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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.
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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.
Hindustan unileverHindustan unilever,
After giving breakout from resistance zone on 20th august, it has made high of 2859 and now retracing towards 0.50% or till 0.618%, which is healthy retracement levels to go long. In both macd and rsi there is hidden bullish divergence seen, One can grab this opportunity to go long, if price retraces till 0.50% to 0.618%
which is near 2488 to 2400 zones, with stoploss of 2300, For the Target of previous high of 2859 areas.
key levels are mentioned on chart
Hidden bullish divergences
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
hindustan unilever bearish trendAs we can see this stock has completed its harmonic journey and fell from point D .Now we can short sell this stock with minimum and safe target of 2634.
Please maintain stop of point D on candle close basis, if candle is closed with volume above this, then go for fresh long
retesting the breakout level - Safe strategy Hindustan Unilever is currently on a Very Important level . It is retesting both all time high breakout level as well as the trendline . And volume also seems to pickup . I wanted to enter earlier too when breakout happened but that was way too parabolic and risk reward wasnt good so i didnt . i dont fix any target i just like to ride the scrip as long as so a less risk trade is always my first choice .
Nowadays overall market is at very high level without any time or price correction so its hard to find less risk trades . so dont miss this trade . stoploss is way too small .
Now how to enter
For Risk taking traders - can enter at this level with a day closing basis stoploss 2550 and target is open . Trail the sl to cost if it reaches all time high and then ride the scrip with any system you follow .
For Safe Traders - Wait for confirmation with a bullish candle and better if a long wick on lower side with good volume ( dont enter if its too big ) . and then u can put the stoploss on day closing basis below 2600 if u enter with confirmation .
Please like the post if you like the analysis .
Follow me for more low risk swing trades . Will try to post in market hour next time .
Happy trading .
HUL/Giving good buy on dips opportunity/Slowly build positionBuy on Dips Investment Idea - Slowly add position at every support level, if it does come to these levels.
Scrip : Hindustan Unilever
Entry - This is an investment idea, buy on dips and add at every support levels. Support levels mentioned in the chart.
Enter at 2650, 2500, 2300,2150.
This is an investment idea for medium term to long term horizon. Giving decent opportunity to enter at dips.
It is a market leader, segment leader, and fundamentally very strong stock.
Please note: I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
HUL 15 min chart analysisHUL is making LH-LL in 15 min chart, however it has consolidated today and a sideways movement has been seen in all the 15 mins candles. It it breaks the box pattern and 2 candles close above the downward trendline then it should signify bullish performance going forward.
P.S: Sharing just my analysis so that I can verify it coming days, I am a learner, don't take it as buy/sell advise please
NIFTY scales new peak and closes as well around the peakNIFTY 50 EOD ANALYSIS -02-09-21
IN SUMMARY
O / H / L / C
17095.4 / 17245.5 / 17059.7 / 17234.15
H-L = +186 points
VIX 14.24 / +0.357%
FII DII: +729 Crores
Likely open: Positive but there may be consolidation taking place as the Net Volume of FIIs DIIs is not significant. And all eyes on where the week closes - above 17200?
CHART BASED CONCLUSIONS
NIFTY made a new ATH and closed also at a new ATH which is closer to the ATH level indicating a strong close.
However, NIFTY had almost retested the lows of yesterday in the opening candle itself but they smartly recovered within the first 5 minutes and then never looked back.
The ride to the top was somewhat choppy and not smooth and the biggest move of the day happened in the first 5-minute candle itself. The rest were climbing the proverbial Wall of Worry.
That also justifies the slight jump in the VIX.
NIFTY WEIGHT LIFTERS & DRAGGERS
The Weight Lifters
TCS 25
RELIANCE 18
HDFC LIFE 15
SHREE CEMENTS 13
HUL 10
TOTAL 81
The Draggers
M&M 04
BAJAJ FINSERV 03
BAJAJ FINANCE 02
DIVIS LABS 02
TATA MOTORS 01
TOTAL 12
Lifter - Draggers = +69
There was not much negativity and that is what has propelled NIFTY to scale a new peak.
POSITIVES
Despite INFOSYS not being able to contribute, TCS led from the front and put up a great show of strength. Clearly, it has come a long way.
The FMCG giant HUL too has been keeping pace which is a good sign.
HDFC twins and RELIANCE also ended in the green. RELIANCE crossed 2300 but ended the day just below the line.
FIIs DIIs are both Net Buyers.
NEGATIVES
BANK NIFTY is finding it hard to cross the 37000 lines.
MARUTI as well as TATA MOTORS are under some sort of pressure on account of the semiconductor news. These two need to move up firmly as they have been trading within a range for a while now.
INFOSYS made a deep dive to 1663 and recovered in the late trade but closed a few points below its 20 DMA. On account of its weightage, it is important that it restores 1700+ levels for NIFTY to remain above 17200.
TRADING RANGE FOR 03-09-21
17000-17300 is the range that I can think of for the final day of the week.
BANK NIFTY support stays at 36200-400 and resistance at 37000-37200.
INSIGHT / OBSERVATIONS
The tendency of a scrip to go below its key moving averages and then make an attempt to come back up is a good sign indicating that the selling pressure has been exhausted for now and renewed buying interest has taken place.
This is what seems to be happening in INFOSYS. Tomorrow’s session will decide on whether it reclaims 1700 level or faces some hurdle around the 20 DMA resting at 1690.
What do you feel about this?
Thank you, and Happy Money Making!
Umesh
02-09-21
P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well.
NOTE --
This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title as well as its contents can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.