HINDUNILVR trade ideas
Hindustan Unilever Ltd Analysis - 1 Hr Time frame analysisTriangle + parallel channel breakout
Daily Time Frame analysis:
RSI:
Currently @ 70 level ,so High Possibility for reverse as per History RSI Data
MACD:
Histogram shows some weakness ,So We can wait for reversal candle formation along with signal line cross over
HINDUNILVR - LONG - 4% upside potentialHINDUNILVR has formed a triangle pattern and looks good for next fast/big move if breaks on either side.
It is high likely to break on up side as the previous trend is up side.
It has to give a 15 min candle close above 2660 level to confirm breakout.
Target: 2760+
SL: 2628
View: 1-2 days (10th/11th Aug)
Hindustan Unilever Ltd -Short Term ViewDaily chart Elliot Wave Pattern: Its clearly wave C can complete @ Distribution Zone
RSI:
Currently @ 70 level ,so High Possibility for reverse as per History RSI Data
MACD:
Histogram shows some weakness ,So We can wait for reversal candle formation along with signal line cross over
HINDUSTAN UNILIVER LTD - BULLISH VIEW - TARGET 2626 - AUG 10HUL looks bullish considering recent breakfast . It will be retested and by 10th August expecting the target to be achieved 2626 which is its fresh supply zone.
RSI reached 60 on my setup of 50 period and trend showing aggressive curve for more buying. Expecting sideways move of slow distribution at higher levels and retest. Then should start is downtrend. It it breaks 2650 then should reach All Time High
Hindustan Unilever shows up a downtrend ?NSE: HINDUNILVR
Time Frame :- 1 Day
Patterns Name :- Elliott Wave
Conclusion :-
A Elliott wave which is completed now shows up a Bearish signal after the Uptrend which most probably shows up a Down trend , But also can show up a litlle Up trend Before it .
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
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Made By MAYANKTECHRESEARCHING
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Hindustan unilever should you pick it right nowNSE: HINDUNILVR
If Breaks Then The Targets could be Taken at 2551
Time Frame :- 1 Hour
Patterns Name :- Inverse Head and Shoulders
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
BTW Like and Follow if you like this awesome content
Made By MAYANKTECHRESEARCHING