HINDUNILVR trade ideas
Hindustan Unilever ready to Fly !! 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.
Target 1: 2740
Target 2: 2970
Stoploss: 2415.
Please note that, This is a long term perspective and may need to hold for 3 to 6 months.
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#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Hindustan Unilever : Swing Trade planHUL 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 HUL.
Entry price : 2511
SL : 2439
Target: 2715
Holding period: 2-3 weeks. Max 20 days.
I will book 75% of my position at TP level. And will look if get breakout of the range at the upper level.
Give this post a like, if you agree with this analysis.
Disclaimer: This is my trading plan and i am just sharing it here. I do not intend to post it here as a trading advice or suggestion. It is shared here only for the sole purpose of sharing and discussing with fellow traders. Do your own due diligence and trade responsibly.
HUL at very good support and looking good for higher targetsHUL is trading in an uptrend channel and currently taking support at the bottom of the channel with some bullish action on daily chart.
The falling markets can make it little dicey and so the conservative stop loss of 100 points can provide a very good cushion and the stock should keep on moving towards the upper line of the channel.
Looking good at CMP 2473/- with SL of 100 points.
HINDUNILVR swinging to support. Ready to zoom back. One of the most fundamentally strong stocks, HUL, is likely to reverse from a historic support level and resume its usual swinging uptrend. The FMCG sector has received a beating in the recent past; and despite the markets soaring to new highs, this stock was not up to speed with the other large caps. Ride the reversal and the following momentum..!! (Not an investment advice.)
HINDUNILVR DAILYLOOKS GOOD.
Hindustan Unilever Limited (HUL) is a British-owned Indian consumer goods company headquartered in Mumbai. It is a subsidiary of the British company Unilever. Its products include foods, beverages, cleaning agents, personal care products, water purifiers and other fast-moving consumer goods (FMCGs).
ONLY FOR EDUCATIONAL PURPOSE.