HINDUNILVR - Ichimoku Breakout📈 Stock Name - Hindustan Unilever Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 2922.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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HINDUNILVR trade ideas
Big Breakout. Bull run soonBreakout level forming in HUL in weekly chart pattern
Some points to be noted that
> Global situations are unstable i.e. more stability in consumer durables than other stocks.
> Long term stagnation in FMCG segment.
> Premiumization of consumer products.
A decent target can be achieved because it would be a major breakout level
Hindustan Unilever Ltd. (HUL)- STOCK ANALYSIS Hindustan Unilever Ltd. (HUL)- STOCK ANALYSIS
Key Observations:
Current Price: ₹2,838.95
Resistance Level:
The stock has reached a critical level at ₹2,838.95, near previous highs.
There's a projected price move showing a potential 22.90% gain (₹653.35 points), targeting a future price around ₹3,492.
Support Level:
The stock had fallen by 23.34% (-₹665.35 points) from a previous high, indicating a strong support level around ₹2,150-₹2,200.
This support zone was tested in 2023, and the price bounced back from this level.
Potential Move:
The chart signals an upside movement toward ₹3,492 based on the 22.90% projection.
Volume activity indicates some buying momentum (as seen by the positive CVD - Cumulative Volume Delta of 340.136K).
CVD Indicator:
The CVD shows a slight positive volume balance (375.076K buyers vs 340.136K sellers), indicating marginal buying pressure.
Analysis:
Bullish Scenario: The stock has the potential to rise by 22.90% toward ₹3,492 if it sustains current price levels and breaks the resistance.
Bearish Scenario: If the stock faces selling pressure, a pullback to the support zone between ₹2,150-₹2,200 is possible, given the past correction of 23.34%.
Neutral Scenario: The stock is at a key resistance level around ₹2,838.95, and further volume increase would be crucial to confirm the next upward or downward move.
Conclusion:
The current momentum suggests a bullish setup with the possibility of a breakout towards ₹3,492 (a 22.90% gain).
However, caution should be taken near the current resistance level, as a failure to break out could lead to a retest of the ₹2,150-₹2,200 support zone.
Watch for price action and volume activity to get better confirmation of the next movement direction.
Hindustan Unilever Ltd. @ 2777Hindustan Unilever Ltd. @ 2777
Sector: Household & Personal Products
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
52 Week High 2834.95
52 Week Low 2172.05
All Time High 2859.30
All Time Low 100.50
Book Value Per Share 217.99
Dividend Yield: 1.5
Sector PE 74.06
Face Value 1
Beta 0.19
Mkt Cap (Rs. Cr.) 652,598
SUP: 2705/2427/2172
RES: 2860
As long as the above supports hold, we can see 2860, 2196, 2977-3108, 3319-3530, 3713, 3871-4082
NOTE: Not a BUY or SELL SIGNAL.
All updates are only for the educational and knowledge purpose.
HINDUSTAN UNILEVER 1HRINTRADAY TRADE
- EARN WITH ME DAILY 10K-20K –
HINDUSTAN UNILEVER Looking good for Downside..
When it break level 2792 and sustain.. it will go Downside...
SELL @ 2792
Target
1st 2784
2nd 2776
FNO
HINDULVR AUG FUT – LOT 7 (Qty-2100)
HINDULVR AUG 2840 PE – LOT 7 (Qty-2100) – PRICE (58.80)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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Hindustan unilever Breakout Hindustan unilever can double from here with in few years. Sl below the trend line.
Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
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