Hindustan Unilever
Hindustan Unilever Limited is a British-owned Indian consumer goods company headquartered in Mumbai. It is a subsidiary of the British company Unilever. Its products include foods, beverages, cleaning agents, personal care products, water purifiers and other fast-moving consumer goods.
HINDUNILVR trade ideas
Consider the Triangle HULTrading and investing in the financial markets carry a high level of risk. It is essential to carefully consider your financial situation, risk tolerance, and investment goals before making any trading or investment decisions. Always do your own research, seek professional guidance, and make informed decisions based on your own judgment.
Any opinions, analyses, charts, or other information shared in this post are based on 's personal experience, market observations, and interpretation of available data. They do not guarantee future results or accuracy. The financial markets are dynamic and subject to various factors that can impact price movements and market conditions.
HINDUSTAN UNILEVER BREAKS DOWN AFTER POOR EARNING RESULTSTECHNICAL ANALYSIS :
ASCENDING RECTANGLE BREAKDOWN -
Price has broken down from the ascending rectangle pattern with confirmation
VOLUME SPIKE -
On 21st july, price has shown huge volume spike with the breakdown indicating strong downward momentum
50D SMA BREAKDOWN -
Price has broken out of the 50D sma after consolidating above it for a long time making it a very strong resistance zone
STRONG SUPPORT-RESISTANCE ZONE BREAKDOWN -
A very strong support-resistance zone level has been broken down by the price which had earlier acted as either strong support level or strong resistance level multiple times
OVERSOLD RSI -
Cherry on the cake is that rsi is oversold indicating very strong momentum behind the breakdown
FUNDAMENTAL ANALYSIS :
EARNING MISS -
On the jun'23 quarter HUL has missed its revenue forecast by ~2.5% & profit forecast by ~4% indicating poor performance by the company
STIFF COMPETITION -
The regional players who had left the market during peak inflation have returned as inflation subsides indicating even higher competition for company
MUTED DEMAND -
Company has said that the demand in rural areas has not yet picked up and consumers are still preferring unbranded alternatives compared to its Tea brand
TP - 2700
SL - 2560
HUL Analysis! W and Flag and Pole!HINDUSTAN UNILEVER ANALYSIS!
HUL Daily Analysis!
HUL Analysis with combination of Patterns and RSI!
Double Bottom Pattern Formation and Breakout in HUL!
Flag and Pole Pattern Formation and Breakout in HUL!
HUL has made Double Bottom pattern on daily timeframe it has given a breakout to the neck level and retested it's support level on the Neckline only. The interesting fact is, during it's retesting treading sessoins it has made Flag and Pole Pattern and also given a strong breakout. So we have combination of Patterns now with proper Breakouts and Retests. We can expect further upmove in HUL. Nifty also trending upwards.
Entry = Aggressive Investors can buy at current levels, Conservative investors can wait for small retest.
Stop Loss = Below 2577.65
Targets= 1) 2689.80 2) 2740.20 3) 2790.25 or 2827.35
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
HUL Seems to be good shorting opportunityWhile hovering in resistance area it gave confirmation by bearish engulfing candle that too after a fake breakout, sellers dominated and pulled the prices down. Also spotted RSI bearish divergence which makes this setup look promising. Looking at charts 2780 seems good SL and target should be around 2570 with 1.67 risk reward ratio which is great, you can trail your SL after reaching target level and can wait for 2nd target i.e 2530 and 2440. It has good support around 2430-2400. Also as earnings are near we should be extra carefull so with small Stop loss you can plan your trade.
All these are for study purposes, guide; to make you understand price action, please take trade as per your own analysis
HINDUNILVR longIn yesterday's trading session price gave a breakout from the range. if 1-2 candles sustain above the breakout zone. Then it can be a trending move.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
Hindustan Unilever Strong BreakoutBased on my analysis of the daily timeframe chart of Hindustan Unilever, it appears that the stock has recently broken out above a strong resistance zone that has been tested multiple times. This presents a potentially good opportunity for a swing trade.
For entry, I recommend going long at the open of the next candle. However, it is prudent to enter with only half of the desired position size initially, as many breakouts tend to fail. If the price pulls back to the flip zone and finds support before resuming its upward movement, we can add the remaining half of the position size. It is worth noting that sometimes the price does not pull back, which is why we are entering the trade with only half of the desired position size right after breakout.
Regarding the stop loss, I suggest placing it below the resistance zone with a buffer to mitigate the risk of getting stopped out too early.
As for the target, I recommend aiming for a 1:3 risk to reward ratio. This means that for every unit of risk taken (i.e., the distance between the entry point and the stop loss), we are targeting three units of potential profit.
Thank you for reading this post. If you found it helpful, please consider giving it a like and following me for more trading insights and market analysis in the future.
Breakout in Hindustan Unilever Hindustan Unilever has given a breakout with increased volume after a long period. RSI is also above 60 showing strength. Can add this for short term gain as nifty is trading at all time high with a strict SL.
CMP - 2755
Target 1 - 2890
Target 2 - 3030
SL - 2700 (2%)
Disclaimer : This is for educational purpose only. Take advice from your financial advisor before investing.