Unilever
Hindustan Unilever - Bullish reversal from supportNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish engulfing at support and seems to be a bullish reversal. Moreover, there seems to be a RSI divergence as well.
The relative strength compared to Nifty seems to be weak though which is a negative point.
SL: 2250 INR
Hindustan Unilever- Very Low Risk Swing TradeOn weekly chart, Hindustan Unilever is respecting a price channel from almost 2016.
Now trading @ price CMP 2404 at bottom of channel near support line. Just wait for confirmation of reversal of trade.
Entry can be above 2450
SL will be 2307 (Day closing Basis)
Target 1-2800
Target 2 - 2840-50
Risk Reward is also Good >2.5
Goodluck with trading
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 .
Long Hindustan UnileverHindustan Unilever
NSE:HINDUNILVR
CMP - 2378
Stop - 2300 on DCB
Expectation -
T1 - 2500
T2 - Open, Review at 2500
Expected Holding Period - 30 trading days or earlier for T1
View:- Swing/Positional
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Hindustan Unilever Buy above 2207Hindustan Unilever Buy above 2207
TARGETS: 2219, 2232, 2259, 2273, 2280
SL 2150
Posting for Educational purpose only
Closing Basis means stock need to trade above 2207 between 3:20 ~ 3.30 PM
If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
HINDUSTAN UNILEVER LONGThis is a long term idea for HINDUNILVR. The overall trend for the stock is bullish, hence going long. (Always stay in the direction of the general trend)
The price has been making higher highs and higher lows. Currently it is stuck in a tight consolidation range. I am expecting the price to break above 2280 (high of the current range). Once the range is broken, it will re-test the high point and then continue upward.
Enter the trade after the price has broken 2280 and re-tested it. The stop loss will be @ 2150 (below the low point of the current range).