HINDUNILVR trade ideas
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Symmetric Triangle
📌 Symbol/Asset: Hindustan Unilever
🔍 Description: FMCG Giant is moving in well-defined boundaries of a symmetrical triangle, a breakout may occur now or possibly after another leg.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Hindustan Unilever Inverted Head & ShoulderHindustan Unilever has formed an Inverted Head & Shoulder Pattern on the hourly chart. The pattern has formed near a resistance zone, which is a good confluence.
Entry:
We can go long after breakout above neckline/resistance zone with close of strong bullish candle.
Stoploss:
We can keep stoploss below the neckline/resistance zone, with some buffer.
Target:
We can keep target near the next resistance zone.
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How to make Profit in Sideways Market: A Strategy for HINDUNILVRHindustan Unilever is a well-known FMCG company that has not generated significant returns for investors over the last several years. The stock is currently in a sideways position. However, it is still possible to earn profits even in such market conditions.
In recent months, the stock has seen an upward trend since March 8, 2022, rising from 1927 to 2700+. Currently, the stock is in a consolidation phase, with strong resistance near the 2700 level and important support at 2400.
Using this knowledge, traders can buy on support and book profits on resistance to make a good profit. The stock has recently come near its support, making it an opportune time to create long positions in the range of 2450 to 2436 with a target of 2700.
It is important to note that if the stock falls below the 2400 level, traders should exit and take their stop loss to avoid potential losses. As with any trade, thorough research and analysis should be conducted before making any decisions. This post is not financial advice and should not be considered as such.
HINDUNILVR DTF After analyzing HINDUNILVR 's stock, there are indications that a potential breakout may occur in the near future. Several factors suggest that the stock's price could experience a significant movement.
However, it's important to note that stock market investments come with inherent risks, and accurately predicting breakouts or price movements is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
NEXT SET UP IN HUL !In the previous idea we discussed about it's movement along our trendline and it gave a beautiful breakout and moved upwards.
Now it is the time to discuss if the upward trend is likely to contine.
As we can notice that the stock has made a double bottom on the daily with a good accumulation.
We can expect the stock to continue the uptrend after the retest and it is a not a false breakout or pattern , that is clearly shown by the volumes.
Still a good time to buy CE one's the retest is done.
Hindustan Unilever Bullish Breakout | Swing Trade | Hindustan Unilever Limited (HUL) has given a bullish breakout out of a symmetrical triangle.
FMCG sector looks strong and with this breakout, we can expect price of HUL to go high in coming few days.
Entry can be initiated at current market price.
Stop Loss- Below 2523
Target- 2720
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
Bearish move in HUL???AS WE CAN SEE THAT THE STOCK IS IN A CLEAR DOWNTREND and might continue to still be in the downtrend,is it forming a head and shoulder ??
Maybe a good time to buy a PE for HUL ??
Will it be a breakout or head and shoulder and a breakdown??
Let's wait and watch
If it takes a rejection from the trendline , no second thoughts of buying a put!