HUL losing 5% in 2 session. What next?Hindustan Unilever has lost 5% in only 2 trading session, taking stock around 2500 figure.
The stock on the daily time frame has broken the 20 DMA and closed just near the support level of 2500.
The support has been tested 4 times and if the support line is broken the stock can plummet to 2450 levels.
Even on the weekly chart analysis, the stock is trading under 20 ema.
3 Point confirmation
1. Close below the 20 DMA (on daily chart).
2. High volume break down.
3. Bearish moving average cross over (on hourly charts).
The stock can be prefered for a sell trade once it start trading below the 2500 level.
Target :- 2450 (200 DMA), 2415
Stop loss :- 2525
Stock option for the next month expiry can be traded in the stock.
Wait for the levels to break down and watch for a price action near the levels before entering the trade.
HINDUNILVR trade ideas
10/11/2021 Research Report For Hindusthan UnileverDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy at C.M.P (Current Market Price) to Maximum at 2457]
Target 1:- 2480
Target 2:- 2486
Target 3: 2516
Target 4:- 2540
Hindustan Unilever Cmp 2600 dtd 7-10-2022 HAMMER CANDLE @SUPPORTHINDUSTAN UNILEVER CMP 2600 DATED 7-10-2022
SWING TRADE
1. HAMMER CANDLE AT SUPPORT
Buy above 2615 for target 2650-2690-2725 SL 2575
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
Hindustan Unilever Ltd -Daily Time Frame View(3 rd Oct)Current Trend:
1) Top of parallel channel
2) Triple Top
3) Resistance Zone
4) 0.854 level of Fib
Oi too conforms Max call option writes at 2700 and max pain @2700
Target:2530
As per Oi and technical analysis , one can sold call option above 2720
Hindustan Unilever Limited - Down Trend 📊 Script: HINDUNILVR (HINDUSTAN UNILEVER LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY FMCG / NIFTY500 / NIFTY
📊 Sector: Fast Moving Consumer Goods
📊 Industry: Diversified FMCG
Daily Timeframe
Key highlights: 💡⚡
📈 Script is trading at lower band of Bollinger Bands (BB) and giving breakdown of it.
📈 Already Cross-down in MACD .
📈 Already Cross-down in Double Moving Averages.
📈 Current RSI is around 39.
📈 One can go for Swing Trade for short.
⏱️ C.M.P 📑💰- 2528
🟢 Target 🎯🏆 - 2420
⚠️ Stoploss ☠️🚫 - 2582
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
HUL-GIANT IS READY TO RUN~HUL is taking support on ascending trendline.
~The stock is moving in a upper channel.
~Strong RSI
~Available at low risk and high reward.
* Desclaimer- The above information is given for the educational purpose only.Do your own analysis before investing.
LEARN MORE-EARN MORE.