Hul
Hindustan Unilever - Rectangle PatternSell: 1573, target: 1500-1510; SL:1600
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
BTST TRADE IN HULBTST TRADE IN HUL
TRYING THE SHORT COVER TRADE RISKY-TRADE
BUT SINCE A BLUECHIP WORTH THE RISK
BUY@1660
STOP@1640
TARGET@1680
LOT:600
QTY:2
STBT IN HUL SEPT FUTSTBT IN HUL
SEPTEMBER FUTURES
TRENDLINE BREAKOUT DOWN
SHORT@1718
STOP@1735
TARGET@1650
LOT:600
QTY:1
HUL Short setup (Elliott Wave Analysis)The move up from 1628 level looks like a corrective W-X-Y correction which suggests that we are seeing an upmove for the retest of the yellow trendline, after the retest if we see a reversal near the same then that would be an ideal shorting opportunity which can take this market down to the levels of 1600 or lower, more precise targets can be predicted once the reversal has taken place.
Hindustan Unilever approaching channel support Hindustan Unilever has been trading in uptrend channel and it closed with pattern dark cloud cover which bearish sign and stock may see further downside up the next support around 888.
HUL - Inverted cup and handle patternHUL has formed inverted cup and handle pattern, Buy as swing trade stop loss 782, target 1: 802, target2: 805,
Hindustan Unilever to trade in bearish channelHindustan Unilever has been trading in down trend and trading in bearish channel respecting support and resistance. it closed last week touching channel resistance and it seems to reverse towards channel support up to 792.00, traders may go short in Hindustan Unilever and enter at CMP with small stop loss if breakout occurs upside but chances are thin to go upward.
Hindustan Unilever: Price Drifting Lower In the hourly chart presented here, price is clearly making a series of lower highs and lower lows. The important resistance levels are highlighted via the red lines in the chart.
In the daily time frame, price is stuck in a trading range and I would expect a slide to the lower end of the range at 770-ish. Just for the sake of understanding price behavior, watch this stock and pay attention to how price behaves at the red lines. These lines will offer trading opportunities one-way or the other.
HUL Breaks Consolidation (Sell Setup)It is been observed that the price action on hourly chart breaks out from the consolidation and now closes below 838 levels of support, indicating further downside move. It has also retraced back to the breakout levels to confirm previous support as resistance, indicating further selling pressure in the price action.
Target: 825
Stoploss: 850
Has the base been formed in HUL?Its seems like a base has been formed in HUL..Double bottom along with a lower low in RSI and a bullish engulfing candlestick pattern..Stoploss 837 targets 858(first major resistance) second target 869(200 DMA) and above that 880..if results good on 26th it can move up above the 200DMA
HUL FINALLY BREAKS OUT FROM UP TREND CHANNEL It is been observed on the daily chart, that the price action breaks out from the crucial support levels of 860 indicating further weakness ahead. It is also observed that the price action also breaks out from a long prevailing uptrending channel indicating a massive selloff. It shall further takes the price action down.
Target: 839
Stoploss: 888
HUL Trending UpIt is been observed that the price action is trending in an upward channel in which the price action is respecting resistance and support levels. For instance, at 560 levels where the support was established, the price action bounces back after touching the support where the buying pressure was seen again. This indicates short term trend change that can take the price levels up again.
Target: 900
Stoploss: 855
Risk Reward: 1:3
