HLL IS NEAR THE 50% RETRACEMENT LEVEL AT 1800.
THE SCRIP PRICE SHOULD BE ABLE TO CROSS PREVIOUS HIGH AND REACH NEW HIGH AT 2000.
THE DELIVERY HAD INCREASED TO 12 L FROM AN AVG OF 9 L OVER THE LAST WEEK WHEN THE PRICES WERE DECREASING. THE DELIVERY % STANDS AT 55%.
IF IT GOES DOWN TO 1773 ONE MAY ENTER FOR GOOD GAINS AT BARGAIN PRICE.
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
I will update the 2nd entry IF it comes.
R:R is good.
HUL IS FOLLOWING AN INVERTED H&S PATTERN WITH NECK LINE AT 1865.
ONCE THIS IS CROSSED, THE MONTHLY CHART INDICATES A TARGET PRICE OF 2150 IN THE COMING WEEKS.
TRADED VOLUME - 19.1 LA AND DEL - 69.4%
BREAK OUT IS EXPECTED ANY TIME.
MAINTAIN STOP LOSS.
Buy Above 1788.00 for Target of 1796.00 .Keep SL at 1786.90
Buy atleast 200 Qty for profit of 1600 INR. Must follow stoploss.
For more such free tips subscribe to my telegram channel: t (dot) me/LearnAndEarnStockTrader
25th April onwards HUL has been moving in a sharp, yet consistent rally. Every few sessions it has formed Marubuzos with decent volumes implying that the stock has nothing to pull it back, atleast not temporarily. Last session, it opened and closed above previous high which is positive for the trend. Heiken Ashi candles suggest continuation. Keep a stop at about...