HindUnilever Cmp 2509 dated 3-11-2023
1. Taking support @ trendline.
2. Higher lows
3. RSI divergence
Buy above 2515 target 2530-2550-2580-2600
SL 2585
It is just a view, please trade at your own risk.
HUL
Chart set up
- we are looking at weekly chart of HUL
- Stock is trading in a channel since July 2022
- currently at lower end of the channel
View
- Range bound movement
Trading Strategy
- Consider to accumulate at current levels and on dips for a target potential of 2730 odd levels
- If weekly closing is below 2393 then pattern gets invalidated
...
Hindustan Unilever is at an extremely important Weekly Demand Zone. One can make long positions for a target of upper range of the consolidation with minimal stop loss.
Stop Loss: SL has to be below 2,390
Entry: Entries can be made around 2,440 - 2,450
Target: 2,700+
HINDUSTAN UNILEVER looking good at 2488. buy above given level in charts in weekly time interval.
please wait for weekly candle close.
NOTE- Only for Education Purpose.
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Hindustan unilever showing bullish signs as per 1 Day time frame.
CMP: 2510
the stock is bouncing back from the demand zone and successfully broken out from trendline resistance as per daily time frame chart.
its a good time to accumulate the stock once the price closes above 50 day exponential moving average.
Potential Entry price: 2549 on closing basis....
HUL is finally bouncing off the demand zone it has been maintaining from July of last year.
Basically, HUL has been in the range between 2440-65 and 2725-60.
After accumulating for around 10 days at the lower level of the range, yesterday (4th oct), HUL printed a strong Bullish candle closing above this accumulation range.
I am planning a long-swing trade on...
hello everyone.. this was my first time that i have been stuck in one hedged position and that is hindustan uniliver, however i am not going to work in this stock till my last breath... i do recommend this is bull shit....
