HINDUNILVR trade ideas
HINDUSTAN UNILEVER - Long-term Trend Analysis HINDUSTAN UNILEVER - Long-term Trend Analysis
1. It breaks the primary trend 9 months ago...
2. Now for the past 15 months in the long unwinding/Accumulation zone.
3. 2 options 1st If the trend moves upward means it has resistance at 2500 and 2700.
4. Only when it crosses 2700 it will be considered a bullish trend. otherwise, it will be on a bearish trend only.
5. Already it's fallen more than 33% from its all-time high.
6. Do you think will it fall further? Maybe yes based on the global market trend correction.
7. If it falls down what will be the support? 1st support will be at 1900 and 1750.
8. Stock is trading at 10.68 times its book value.
9. If the market crash it might fall to 1900. hope it won't touch the 2020 crash line.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
HINDUSTAN UNILEVER Chart Analysis !!📈 Hindustan Unilever 📉
My Findings :-
1. Breakout from a Swing High.
2. Close Above March 2022 High.
Bias - Long
Target - 2315, 2417 and 2814
SL - 1943
RR- 1:4
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
HUL 200 day ema BO retestNSE:HINDUNILVR
HUL BO & Retest pattern above 200 day EMA (blue).
currently trading above all major moving avgs..
If closes above 200 ema today then can initiate buy positions for longer term.
Very less risk takers can keep SL below last candle which is around 2250..
Positional Traders keep SL below 50 ema (orange) now. and later can trail with 200 ema breakdown method.
Positional target 2500 and 2700..
**Educational Purpose