Hindustan Unilever AccumulationThe stock ( NSE:HINDUNILVR ) is in a tight range and is starting to stick to the upper limit of the range. It is an indication of accumulation.
Keep an eye on it. It is also supported by the 50 period moving average.
HINDUNILVR trade ideas
Helpful Questions to Ask Yourself.The quality of our life depends upon the quality of the question we ask.
I think it's the same with trading also, successful traders ask better questions, and as a result, they get better answers. They get answers that help them to know exactly what to do in any situation to produce the results they desired.
Below are the 5 questions that will help you to stay focused and will make sure you do the right things.
1-Did I get in before the market broke?
One thing traders do that hurts them is to anticipate breakouts that never amount to anything. Instead of waiting for the market to break, they rush in to buy when it is at the top of its resistance level, hoping for the breakout. You shouldn’t anticipate a breakout every time the market approaches the support or resistance area, but you should be prepared to act if it does.
2-Am I getting in too late?
Suppose a breakout happens with a huge candle showing a 6-8% move. We always feel that if we don't act immediately, we could miss a great trade. It’s not always easy for a trader to walk away from a tempting trade, but this is the difference between a high probability trader and a low probability trader. You will be better off missing a few good trades while removing out the mediocre ones as you wait for the trades that have a higher probability with a better risk/reward ratio.
3-Did I use volume or any other indicator to see if the breakout was a high probability one?
To increase the probability of a breakout trade working, one can do a few things. By looking at different time frames to see the market more clearly, adding indicators such as the ADX or stochastics to time trades better, using volume to see if a move is substantiated, or adding filters to keep from rushing into a trade, one can improve the odds of capturing a breakout.
4-How much room does it have to go?
When a market breaks out of a trading range, a trader should try to estimate the potential move so that he can measure the risk if the trade goes sour. Without a good mix between the two, no trade should be taken. It doesn’t make sense to make a trade with a 100rs potential profit but with a chance of losing 300rs. You need to have realistic ideas on how much each market or stock can give you or cause you to lose on a trade. Use the size of the previous wave, range, or congestion to measure the next move.
5-Should I wait for a retracement?
By waiting for the market to test the old resistance line at Point Y one can make a higher probability trade than by chasing it at point X.
By waiting for retracement you can trade with a better risk-reward ratio.
Sometimes when the volume is strong, the initial move can be stronger and the chances of it retesting the breakout level are diminished, and so one has to let go of that trade. Your goal should be to take the trade with a better risk-reward ratio.
Short Summary
1-Be prepared to do something when the market approaches a potential breakout area.
2-Use other indicators to help determine the chance of a breakout working.
3-Use the size of the previous wave, range, or congestion to measure the next move.
4-If the current R: R is good then enter & if not then wait for the pullback.
Long in HULThis scrip had broke the channel pattern with good volume. I expect a big rally in this scrip in coming months.
Swing traders may consider this scrip and may have their SL below the resistance or below the previous swing high. As this scrip's fundamentals is also looks good, long term investors who want to hold it for years may see this as opportunity to buy.
Hindu uniliver , 30 min demand , 240 min CurveHindu uniliver ,
30 min demand, Zone below zone,
we will take entry on first zone, if Sl is hit then the below zone would be another entry point,
Happy Trading
HUL LONG TERM CHANNEL BREAKOUTHUL has finally given a channel breakout but crossing ₹2600 levels, we can go long from the current levels at ₹2650 for
Target 1 = ₹2709 (Risk/Reward = 1:1)
Target 2 = ₹2792 (Risk/Reward = 1:2.5)
Stop-loss = ₹2590
It has very strong support at ₹2500 levels which is indicated by the Yellow line.
This is my FIRST TIME publishing an idea on Tradingview, so please comment and tell me if there are any mistakes.
Kindly hit the like button if you liked it.
Also, the Financial statements data of HUL is very good and can also be bought for Long Term Investment at current levels with ₹2500 as Stop-loss.
Hindustan Unilever Technical AnalysisHindustan Unilever continued uptrend for fifth consecutive and ended at fresh record closing high on August 23.Security jumped 14.75 points or 0.56 percent to 2634.15.
FMCG giant Hindustan Unilever have given a good breakout from
their key pattern.The stock has been trading in a tight upward channel range for about 2 years (Sept 2019) and has now finally broken out from that range with strong candle.Technically this pattern indicates long term bullish in the market. If the market sustains above the level of 2640, the market expects to gain momentum, leading to an upside projection till 2800 - 2850 level while on the downside support is intact at 2600 .
Momentum indicators like RSI and MACD will stay positive and market breadth will improve, further strengthening.
Hindustan uniliverthis is also short to long term.given a good break out with good volume expansion
i will enter this stock if it gives bullish confirmation at 2506 and my stoploss will be
2304 for short term and 2195 for long term
Breakout in HUL10% breakout in Hindustan Unilever as it crosses the resistance
EXPECTING 10% IN 30-40 DAYS
HINDUSTAN UNILEVER 1DAY TIME FRAME ANALYSISHINDUSTAN UNILEVER 1DAY TIME FRAME ANALYSIS
- Growing in a Rising Channel Since 2017
-Strong Support at 2300 & 2100 Levels
-Major Resistance at 2500, if it breaks, can push it to 2700
- Possible Double Bottom Formation if completes can push it to 2250 - 2100
POSSIBLE SCANERIO:
1. It will take support from the current level and continue its journey towards 2500 (Higher Probablity)
2.If it breaks 2300 levels there is a chance it will bounce back from the trendline around
2260 so if it falls one can take entry around 2260 to TGT of 2500
Ascending Triangle Breakout : HULAscending Traingle Breakout learning + opportunity to trade
#TradeTheTrend#Technical Pick
Hindunilvr - At ResistancePrice climbing up the channel unstoppable from 2018 despite Covid-19 the move was almost resulting 90% profits.
Now price reached the previous high, trade carefully.
HUL with VolumesNSE:HINDUNILVR
Breakout with Volumes buy around the support for a 5% up move in 2-3 days
HUL Looking good on Bullish side....CMP 2619.40HUL Looking good on Bullish side....CMP 2619.40 Given breckout of trangle pattern as well as box pattern on weakly as well as daily TM...CMP 2619.40
HINDUNILEVER - Looking good for positional1.) The stock is in clear uptrend.
2.) Higher Lows
3.) Resistance broken with spike in volume
4.) Looking good for positional above 2635
Hindustan Unilever: Parallel Channel BreakoutHindustan Unilever gave a fresh breakout of a parallel channel formation with a huge spike in volume after a long consolidation in the parallel channel.
FMCG GIANT GAVE CHANNEL BREAKOUT !HidustanUnilever - The FMCG giant has given a good breakout from its major channel pattern . Stock was in tight upward channel range since approx past 2 years ( Sep 2019 ) and now it has finally given a good breakout from the channel.
Another critical point was that there was a Sub pattern also , which was Double Bottom which is also a bullish pattern.
We all have heard about some of the famous brands like Dove, Lux, Lifebuoy, Pears, Hamam, Lyril, Rexona, Surf Excel, Wheel, Comfort, Clinic Plus, Sunsilk, Fair & Lovely, Pond's, Lakmè, Vaseline, Bru, Taj Mahal, Lipton, Brooke Bond, Cornetto, Kisan, Annapurna, Magnum, Close up, Pepsodent, and many more. You will be surprised to know that Its parent company is this giant- Hindustan Unilever.
So its clearly a great fundamental company and its also bullish on technical terms.
This was my honest and fair analysis only use it as education , trade as per your analysis or seek financial help from your advisor.
Feel free to share your own views.
Reverse head and shoulder pattern soon it reach 2500 hul is in head and shoulder reverse pattern soon it reaches its resistance level 2500 resistance level if it breaks it gone to 2700
Hindustan Unilever - Channel breakout 🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
Multiyear breakoutBreakout in Hindustan Unilever after long time(check historical charts of hul how it reacts after weekly breakout)
Can be added for short term targets of 2800
good buy for long term investments too,can give multibagger returns in 2-3 years
longterm stoploss below 2300
HINDUNILVR LONGNSE:HINDUNILVR
~closed above 2615 with good volume
~ gave a breakout from channel today
~ might see a target above 2700
~ weekly trade
Hindustan UnileverHindustan Unilever long because is a long consolidation Breakout on weekly basis and make pattern target is reverse cup and handle
