Due to recent demonetization people may put a check on their consumption's list. We have nice setups for Bearish BAT pattern(s). There are 2 X co-ordinates and hence possible 2 'D' points. Already 838 has acted as a resistance once, need to check the HINDUNILVR's price action on Monday for finding the reversal signal from the Potential reversal zone. If...
Hindustan Unilever has been trading in down trend and trading in bearish channel respecting support and resistance. it closed last week touching channel resistance and it seems to reverse towards channel support up to 792.00, traders may go short in Hindustan Unilever and enter at CMP with small stop loss if breakout occurs upside but chances are thin to go upward.
Hinduni giving long breakout above 810.20 can go to 819 above that if do not break 804 on downside.
Follow price.........for success, trading is simple dont make it complex...time and price comes together for trader just wait till then .....trade u will find success
Stock posted quite good number so if stock open near 855-60 and then going down then sell with sl 865 target 830-20
Rounding Base pattern formation, neckline at 953 ; stop below 805
In the hourly chart presented here, price is clearly making a series of lower highs and lower lows. The important resistance levels are highlighted via the red lines in the chart. In the daily time frame, price is stuck in a trading range and I would expect a slide to the lower end of the range at 770-ish. Just for the sake of understanding price behavior, watch...
Will the support level hold... if it breaks it will surley test 800-810 level
HUL is currently at Gann Line support coinciding with Fib Pivot Point Support on daily charts. Today with help of BAD news in this counter it will open below the support and go down further till 840 levels. Sell Target 1-- 840 Sell Target 2- 820 SL- 868
It is been observed that the price action on hourly chart breaks out from the consolidation and now closes below 838 levels of support, indicating further downside move. It has also retraced back to the breakout levels to confirm previous support as resistance, indicating further selling pressure in the price action. Target: 825 Stoploss: 850
HUL is on the lerm term support line which it has respected since 2013. The trend line is ascending and after the recent correction it makes sense to get into the stock for upward levels.
Its seems like a base has been formed in HUL..Double bottom along with a lower low in RSI and a bullish engulfing candlestick pattern..Stoploss 837 targets 858(first major resistance) second target 869(200 DMA) and above that 880..if results good on 26th it can move up above the 200DMA
Sell hinduni Blw 843.80 sl 850 tgt 835/830
No breakout yet in HINDUNILVR Hitting the 1st support level
On weekly charts price action is moving in a channel and its on down move now. As week quarter is expected, this may go down to 750 levels.
It is been observed on the daily chart, that the price action breaks out from the crucial support levels of 860 indicating further weakness ahead. It is also observed that the price action also breaks out from a long prevailing uptrending channel indicating a massive selloff. It shall further takes the price action down. Target: 839 Stoploss: 888
Reccomend strongly to buy HUL for medium term becoz --- 1. Poised well at lower band of rising channel 2. completed 61.8% retracement 3. pick up in volume at lower band of channel 4. RSI also rising 5. Most importantly good mansoon & pay commission implementation will increase demand of FMCG produts 6. Good risk to reward ratio.
It is been observed that the price action is trending in an upward channel in which the price action is respecting resistance and support levels. For instance, at 560 levels where the support was established, the price action bounces back after touching the support where the buying pressure was seen again. This indicates short term trend change that can take the...