#HindUnilever looks weak. TradersVenue score 4 Star bearish. RSIStairs trading below 35. A potential short candidate with protection for August series
NSE:HINDUNILVR is showing signs of weakness and can show 2300 levels.
#HINDUNILVR - CMP of 2350 should show some retracement levels of 2390, 2410 and 2440, just long as 2325 is held as SL.
GOOD MOVEMENT, BROKEN OUT OF THE TRIANGLE FORMATION, EASY UP MOVE AHEAD T1: 2595 T2: 2690 ADD ON DIPS 2260
Hul Looking Bullish for Positional
In Hindustan Unilever Bullish ALT Bat harmonic structure is found in which reversal is expected from 1.13 level .( range between 2311 to 2314).
1.Trading near 50% retracement 2.At channel Support 3.can go long if bullish price action happens henceforth
ALSO DO YOUR OWN ANALYSIS BEFORE PLACING THE TRADE FOLLOW RISK REWARD
HUL has finally broken out of ending diagonal trainagle. Stock is trading below 20/50 daily EMA. Stock has closed near 100DEMA. Any bounce in HUL would get sold off with resiatnce near 2430 which concides with 20DEMA too. On downside stock can touch 2300 levels which is near 200DEMA. Below that Stock can go to 2150 levels which is 100EMA on weekly chart. PS:...
check at your end for other confirmations also Looks good for better entry and RR
if candle closes above both red trendlines we may initiate long position. good luck
thanks to bebi margin rule these candles are common in all stocks
risk: Reward is 1:2 Rest as per charts
Entry @ 2416 sl 2386 target open up to above trend line
HINDUSTAN UNILIVER IF HOLD SUPPORT THEN UPMOVE POSSIBLE