HINDUNILVR trade ideas
[Diary] HUL Price Action OverviewOut of Last 3 trades, 2 hit profit 1 hit with loss. So keep stoploss!
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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HINDUNILVR 1DTrend - Bearish
Pattern - Parallel Channel / S&R
Retest - Unknown
Candle - Bearish
200 EMA - 2527 slight up
TF - D
Wish you Happy & safe Trading.
Trade as per your own RISK
Please Note:
I am not SEBI registered analyst.
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
Hindustan Unilever Swing TradeHindustan Unilever is near support zone on daily chart .
Entry
We can go long after close of strong bullish candle near support zone .
Target
The Target will be the next resistance zone as marked on chart.
Stoploss
We can keep stoploss below the support zone .
Please like and follow me.
EDDUCATINALONLY EDUCATIONAL NOT IN RECOMMENDATION SO TAKE A DECISION IN YOUR RISK AND FINANCIAL ADVISER .
This is the only way many investors will really understand the risks of a given investment. If the print warning does not meet your criteria, seek personal advice
Hindustan Unilever 1D Time Frame Analysis Current trend:
1)current it in bottom of lower high formation forming the triple bottom .....so high possibility for reversal is possible.
2) No pattern confirmation yet.
support: 2527 followed by 2445
Resistance: level to be watch out for 2650
From this level there are two possibility
1) It can took a support from 0.236 level of Fib and again goes back to uptrend trend parallel channel
2) it can move future down to level of o.386 level of fib and can form the double bottom and can reverse from that
Indicator:
1) RSI: compare to jan4 RSI is little bit higher than that
2) MACD: Still in bearish. Currently no signal for bullishness
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
learnforhulThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed
today hul stop daily candle closed under trade line so short time down sight.
Buy Hindustan UnileverIf share price is closing above 2600, buy hindunilvr. the share price can go upto 2670 with SL at 2560
HINDUNILVR next weekas we can see price was continuesly take support on trend line now the price making a triangle pattern and if it breaks the triangle from top it will be an opportunity go for long .... NSE:HINDUNILVR
intradayconsolidating in a range
both side potential
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
do book reading
HINDUNILVRIn the Weekly chart of HINDUNILVR,
we can see that after the failure of Cup & Handle, it has shown a recovery in W pattern.
Enter at 2700 with 2600 as SL.
Wait until it reaches 3000-3100 and then Book Profits.
HUL LONGHUL LONG
Expecting upmove. Currrently near breaking the resistance levels of 2600.
Once breaks decisively can move to a short term target of 2880.
No recommendations, Just view.
Hindustan Unilever Daily HUL looks bullish before budget, high chances it can go up.
Swing Trade - once 2600 crossed, then it will be pure strong short selling and later it may go up to the swing high. but make sure your stop loss remain tight and legit.
Diamond pattern A diamond pattern is used for detecting reversals. Once rightly identified, it is one of the most profitable patterns for using reversals for trading strategy.
Moreover the trend line breakdown has also been done.
Bullish hindustan Unilever Strong stock:-
. Strong on 1 week And 3 months.
. High volume than 21 days average.
. Above 200 moving days EMD.
. Near 20% to 52 week high or all time high.
. Outperform nifty.
. Open interest needs to buildup in last 3 months data.
. Breakout with volume.
Forming C&H pattern#HINDUNILVR
1. Cup & Handle formation
2. Creating HL towards the Neck line, which shows the buying strength.
Keep in your watch and wait for the neck break with strength
HINDUSTAN UNILVR--RIGHT TIME TO ADD MORE QUANTITIES~All the information given in the chart is for the educational purpose only.
~Kindly do your own analysis before taking any trade.
~LEARN MORE--EARN MORE..
~Link of the previous chart is given below.
Hindustan Unilever - Daily CMP 2680Ascending triangle on weekly + inverse Head and shoulders on daily.
Best buy would be around 2600 levels.
Neckline at 2735.
Above neckline targets 2770-2820-2855
SL - closing below 2520
Will HINDUNILVR breakout Ascending Triangle Pattern ?Breakout of Ascending Triangle Pattern at 2720.
With Targets of 2825, 3000 & 3300.
HINDUNILVR* *For Study Purpose Only, Not a treading Idea * *
Hindustan Uniliver is forming Inverted Head & Shoulder Pattern (Bullish Pattern)
Ideal Entry will be 2720 and Target will be somewhere around 3000
*Save in your Watchlist*
