HINDUNILVR trade ideas
HINDUNILVR: Triple Bottom, RR 4HINDUNILVR: Triple Bottom, RR 4, Entry above 2400 with supporting volume
HINDUNILVR - Long trade - weekly analysisPrice is in this parallel channel since may 2018. Now at Support with good entry opportunity for long trade with good reward to risk 2:1.
Entry : 2460-2480
SL:2250 (WCB)
Target: 2900
HulHul prediction according to the chart pattern. So it could follow the channel along with the rsi is at 40 range ,it may bounce back to the higher level
Hindustan Unilever on channel Hul in channel pattern in since long time , will it go to upside if it sustains the support area in chart
Hindustan Unilever is showing signs of bearishness Hindustan Unilever is showing signs of bearishness
Reasons/Traits :
• Daily Trend far away from 20 EMA
• Uptrend is in pause mode
• Bearish Harami followed by two shooting stars/inverted hammer formed (Chances of going down)
• Since 17 sessions stock did not retrace
• Volume is decreasing
• RSI and MACD in overbought zone
• For a healthy uptrend retracement need to happen
What can happen next :
Scenario 1 : If we consider 6th Sep shooting star as retest then price going down below 2757 can take it down to 2660 and then 2600 levels
Scenario 2 : Price going up can retest 2825 levels or up before going down to touch EMA 20 around 2655 levels (0.382 fib levels). If it sustains here trend will be up else trend can go down till 0.50 and 0.618 fib levels before going up and any failure here can lead to 1 and 1.237 levels of fib to complete the retracement cycle
2600 level is very crucial, Let’s see..
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Hindustan uniliver1. It took support at 4 hr trend line and previous support.
2. Bullish Engulfing candle form
3. RSI Uptrend
HINDUNILVR is still looking weak or in a mood to consolidateNSE:HINDUNILVR is still stuck in a small range of 2300 - 2350. It can continue to consolidate until it crosses 2350 decisively.
Hindustan Unilever - Bullish reversal from supportNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish engulfing at support and seems to be a bullish reversal. Moreover, there seems to be a RSI divergence as well.
The relative strength compared to Nifty seems to be weak though which is a negative point.
SL: 2250 INR
HINDUSTAN UNILIVER_A MAJOR CHANNEL PATTERNHindustan uniliver seems to be trading in a major channel pattern.
If it shows bullishness then one can go long from here.
(FOR EDUCATIONAL PURPOSE ONLY)
HINDUNILVR: At strong support and MA SupportSo the idea is, you can clearly see HINDUNILVR is at strong support zone of 2304 and also touching at 20 period MA and as per history trend whenever HINDUNILVR touches 20 MA it bounces back. HINDUNILVR respect 20 MA a lot (I have marked the instances on chart) but thing is previous instances were monthly candles but today its almost start of month so I think this time it will break 20 MA support and can reach to 2229 area then bounce back from bottom.
Not giving Targets or SL for HINDUNILVR as this stock is just to buy whenever you got chance to get it. HINDUNILVR has Strong Fundamentals.
Note: I'm new to technical analysis , do your own maths. I'm open to new ideas and flaws in my analysis, so please do comment and collaborate.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
HINDUNILVR important levels for long term investmentHINDUNILVR important levels for long term investment
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
HUL: SIPGood time to do SIP in Hindustan Unilever.
Best buy below 2000. 1700-1900
Long term Target 6000+
5+ years
HINDUNLIVER LTD Dow theoryHINDUNLIVER LTD Dow theory making Series of Higher high and Higher low
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This post for Educational Purpose.
Please Do your know research.
JAI HIND
Hindustan unilever at weekly support Hindustan unilever is following strong trendline on weekly time frame. it will be a good swing trade if it give bullish closing at the weekend
HINDUNILVR breaks after a long time [one year] HINDUNILVR breaks after a long time . Chart speaks for itself.
CONFLUENCE OF MAJOR AND HORIZONTAL SUPPORT !HINDUNILVR is taking support from its major support line also at the same time it is taking support from its short term horizontal support area.
Wait for up trend confirmation on daily time frame to enter, it can be a good risk to reward trade.
Also if you have noticed , I didn't posted any analysis in the past few days. The reason for this was falling market.
In falling market all we must do is wait. Yes, wait for the right time to capture the great move. I can't actually tell if its the bottom of the market but here in Hindustan uniliver its a
great combination of two support also known as CONFLUENCE SUPPORT.
Note that this was my personal analysis and not a buy/sell call. Use this analysis for educational purpose only.
If you got any questions , you can post in the comments section.
BUY_HINDUSTAN UNILEVERReasons for buying HUL:
1. Stock is in uptrend "Trend is your friend"
2. Stock has taken a crucial support from its 400 days' EMA
3. RSI Divergence
[Positional] HUL Buy IdeaBiren's spot.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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