Hul
(Positional Trader) Best Buy For HUL
1. FMGC is the SEGMENT not affected by lockdown.
2. Recently, On Day Chart HUL has Morning Star Formation , But it does not have a strong volume on last day.
3, So, It may recheck the price of 1984.
Story of 1984--
1984 is the 78.6% retracement level from recent low of 1857 to high of 2485 .
1984 also got the strong buy volume on day chart.
1984 is a strong support for now.
4. On Drawing AB=CD Pattern on HUL From Price level A= 1857,B = 2485,C =1984. Formation of AC=0.786.
Lets Identity the reversal Point D
Assuming BD=1.27 (to satisfy AB=CD Pattern Low Level), D Form at 2618
May be BD=1.61 (to satisfy AB=CD Pattern High Level) D Form at 2799
5. On Drawing Fibonacci Retracement from the recent HIGh and low . 2100 is 0.27 level . Price may find the resistence here.
5. So Buy Above 2102 Target 2618 , 2799 Stop Loss 1900
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HUL....Low Risk (1%)...High Reward (upto 10%)Firstly, I wanted to share multiple time frame (1D, 1W) chart to validate the Hourly analysis, but due to some limitation couldn't able to do that. Hence presenting hourly analysis ONLY.
Now analysis:
Overall trend : if you observe multiple time frame chart, it is clear that HUL is on BEARISH trend. Hence on hourly trend below are observations:
It may consolidate on Zone-1, however if break following trade can be setup:
Enter: 2225
SL: 2250 (+1%)
Target-1: 2170 (-2.5%) (Should be easy & in short-term)
Target-2: 2050 (-7.8%)
Target-3: 2000 (-10%)
More target can be set as per Fib levels and breakouts.
Rgds
~Stay Safe, Stay Healthy~
[HUL] >5% return in 2 days...and continue..aslo a humble APPEAL
Hello Friends,
Recently I shared an analysis on HUL and suggested to go for SHORT. This was against all others' recommendations and price trend as price has already crashed by almost 17% from its peak. But many of you supported & liked the idea, so BIG thanks for all of you.
If you go through comment section of my HUL analysis, there are FEW GUYS WHO WERE TROLLING & ABUSING ME for this suggestion!
THIS IS NOT CORRECT way to react to anyone's idea....we may have DIFFERENT opinions, may like it or may NOT like each other's view...BUT WE CAN NOT abuse/ mock the person....it JUST NOT ACCEPTABLE !
IF you don't like the view/ idea JUST IGNORE IT ....We all put lot of time and study the chart and then present to you in simpler & understandable format (colorful).....It take lot of patience....it MAY work and MAY NOT work...but doesn't mean any one has right to MOCK you!
This post is JUST to make a HUMBLE APPEAL to all you , please respect each other's work and DO NOT TROLL/ MOCK/ ABUSE....JUST IGNORE if you don't agree or like it!
Thanks again for your love & support....
HAPPY LEARNING...HAPPY TRADING....
STAY SAFE...STAY HEALTHY....
HINDUSTAN UNILEVERGSK will be doing a stake sale tomorrow in HINDUSTAN UNILEVER the price could be between 1950-1850. As per Harmonic Trading Pattern study 1825-1850 has a bullish Crab. It also would be a retest of the rising trend line from where it had made a Bullish Cypher earlier this year. The reversal from high's was picked via a bearish Ichimoku set up which had completed its downside target. (link mentioned below) Now the possibility of a bounce back and/or continuation of uptrend within the rising channel.
dabur india with good fmcg agin making life high , this too is a candidate for the same ..
but !!!
as the rally was one way up , it should retrace back to 480 ..465 for fresh move around 500 and then to 520 oe even new life high
i will remain positionally bullish , but not foolish enough to buy at any price , will wait and watch to buy in zone 468 to 478 for 500 & new life high as lng as 460 hold on closing basis