Support and resistance levels are key concepts in technical analysis, a method used to evaluate and forecast price movements in financial markets, particularly in stocks, forex, and commodities. Support level refers to a price level at which a security or asset often finds buying interest, preventing its price from falling further. Traders and investors view...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Company:- Hindustan Unilever (HUL)
Sector:- FMCG
M Cap:- 5.58T
Purpose:- Educational
Analysis:- Due to over-extended the FMCG index stocks like HUL and many more have fallen from the top of almost 8% to 12%, For the last few days, bottoming out formation has been taking place in the FMCG index and its heavy-weight stocks. In my view, the FMCG index has bottomed...
HUL has taken support of 2407 from the trend line and could go upto 2644.0 .
Gain of upto 7% .
SL of 2365
TARGET:- 2642
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This FMCG Alpha is looking good for a short run. On daily charts there is a rounding bottom formation. While on technical Indicator front 20 DEMA is crossing above 200 DEMA and RSI is trending bullish, which shows strength in the stock. Buy at 2608 with a targets of 2730 and Stop Loss of 2450.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Hello traders
presenting to you HINDUNILVR analysis
price consolidating from last 3 years
i am assuming for break out in upside
in this chart left side is MONTHLY
and right side is DAILY
so in any case weekly closing happen above 2800
which is around 5.5% from current price
than buy in any retracement between 2500 to 2800
stop loss 2350
Target 4100
HUL is nearing its support zone of 2370. If it crosses below 2370, expect a fall to 2143 levels. Resistance levels are clearly shown in the Fibonacci extensions.
Hindustan Uniliver , if stock breaks low of last trading session we can see more fall in coming days, as stocks has already touched demand zone. Trend line support has broken short side trade can give good move.
hindustan unilever is in monthly demand zone,, whci means that big financial instituy\tions were willing to buy the this stock at the current prices.. so that there must be pending buy orders left over in this zone.. there is high possiblitity that price might bounce from here.. mindful of the fact that this is a n aggressive trade .. its only for educational purpose
HUL is approaching a strong support zone. Stock has multiple times respected the support zone. Stock trading in a range since June, 22. Expecting a bounce back in the stock. However is stock fails to hold the support, we may see major downside and bearish mood in the stock. I will look for support confirmation. I would also avoid shorting, as the overall market is...
