HINDUSTAN UNILEVER
Narrow Range
Support around 2166,
Resistance around 2260.
closing below support may
give the level of 2160.
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Updated on : 01-Aug-2020 11.00pm
Disclaimer: Only for learning purpose.
HUL is set to breal out the trend line with strong bullish candle on daily time frame. would be a buy above the line if sustain.
Note : - All charts are educational purposes only. Please do your analysis before go into trade.
Stock has broken out of a 2 YEAR consolidation phase (range) with great momentum.
Looks like its read for a pullback/retest of previous resistance/new support.
This new support matches with the 61.8 retracement level, which is also where generally reversal happens.
Lets see how it turns out to be. If the stock makes a new high: go long, and cover short if you short now.
