Trade ideas
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.
Hindustan Unilever
Hindustan Unilever Limited 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.
Consider the Triangle HULTrading and investing in the financial markets carry a high level of risk. It is essential to carefully consider your financial situation, risk tolerance, and investment goals before making any trading or investment decisions. Always do your own research, seek professional guidance, and make informed decisions based on your own judgment.
Any opinions, analyses, charts, or other information shared in this post are based on 's personal experience, market observations, and interpretation of available data. They do not guarantee future results or accuracy. The financial markets are dynamic and subject to various factors that can impact price movements and market conditions.
HINDUSTAN UNILEVER BREAKS DOWN AFTER POOR EARNING RESULTSTECHNICAL ANALYSIS :
ASCENDING RECTANGLE BREAKDOWN -
Price has broken down from the ascending rectangle pattern with confirmation
VOLUME SPIKE -
On 21st july, price has shown huge volume spike with the breakdown indicating strong downward momentum
50D SMA BREAKDOWN -
Price has broken out of the 50D sma after consolidating above it for a long time making it a very strong resistance zone
STRONG SUPPORT-RESISTANCE ZONE BREAKDOWN -
A very strong support-resistance zone level has been broken down by the price which had earlier acted as either strong support level or strong resistance level multiple times
OVERSOLD RSI -
Cherry on the cake is that rsi is oversold indicating very strong momentum behind the breakdown
FUNDAMENTAL ANALYSIS :
EARNING MISS -
On the jun'23 quarter HUL has missed its revenue forecast by ~2.5% & profit forecast by ~4% indicating poor performance by the company
STIFF COMPETITION -
The regional players who had left the market during peak inflation have returned as inflation subsides indicating even higher competition for company
MUTED DEMAND -
Company has said that the demand in rural areas has not yet picked up and consumers are still preferring unbranded alternatives compared to its Tea brand
TP - 2700
SL - 2560
HUL Analysis! W and Flag and Pole!HINDUSTAN UNILEVER ANALYSIS!
HUL Daily Analysis!
HUL Analysis with combination of Patterns and RSI!
Double Bottom Pattern Formation and Breakout in HUL!
Flag and Pole Pattern Formation and Breakout in HUL!
HUL has made Double Bottom pattern on daily timeframe it has given a breakout to the neck level and retested it's support level on the Neckline only. The interesting fact is, during it's retesting treading sessoins it has made Flag and Pole Pattern and also given a strong breakout. So we have combination of Patterns now with proper Breakouts and Retests. We can expect further upmove in HUL. Nifty also trending upwards.
Entry = Aggressive Investors can buy at current levels, Conservative investors can wait for small retest.
Stop Loss = Below 2577.65
Targets= 1) 2689.80 2) 2740.20 3) 2790.25 or 2827.35
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital






















