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Hul

HUL or Hindustan Unilever looks weak - Short with a stop of 2060Hindustan Unilever posted a huge gain on the back of Corp Tax rate cuts, profit booking has set in after an gain of 8-9%. It is on the verge of breaking a triangle pattern on the downside, It is way ahead of 20 DMA, RSI and CCI are indicating price corrections on shorter duration charts. Short positions can be considered on break of 2010, with a immediate target of 1956 and it weakness persists second target of 1921. Stop loss of 2060 should be followed. Please consider liking this idea / post if you find it worthy, you may also follow me for periodic updates on Nifty, Bank Nifty, Silver or Gold.
NSE:HINDUNILVRShort
by ipuneet
1
HUL | Head & Shoulder PatternHead & Shoulder pattern observed in HUL. Candle closing below 1740 has made the pattern valid. Hence, one can take a bearish view with target @ 1635. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:HINDUNILVR
by AkhilSuryaFS