HINDUNILVR trade ideas
HUL - What is the chart saying? NSE:HINDUNILVR
HUL has corrected from its highs and these levels present a good opportunity to buy.
HUL to 3000 ? Quite Possible.
Can HUL repeat what Adani Wilmar has done(More than double in short term) ? No.
Should you invest aggressively at this point? No but keeping adding on dips.
Can it fall from these level? Yes, it can but that will only give buying opportunity and my opinion will be to buy near the support zone .
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
Hindustan Unilever Ltd - Short Term ( 1Day TF -2 Sept)1)HUL took a resistance exactly @1.618 level(Fib from 1901 to 2413(previous swing low to high))
2)Took a support on top of parallel channel
Pattern:
parallel channel move
Possible Movement:
option:1
if it closes below the parallel channel we can sell call strike above 2720 with stop loss of recent high
option2:
if it closes below 2534 level of Fib .. we can buy PE with loss of 2580 or until it breaks top of parallel channel and reverse
Hindustan Unilever Ltd Analysis - 1 Hr Time frame analysisTriangle + parallel channel breakout
Daily Time Frame analysis:
RSI:
Currently @ 70 level ,so High Possibility for reverse as per History RSI Data
MACD:
Histogram shows some weakness ,So We can wait for reversal candle formation along with signal line cross over
HINDUNILVR - LONG - 4% upside potentialHINDUNILVR has formed a triangle pattern and looks good for next fast/big move if breaks on either side.
It is high likely to break on up side as the previous trend is up side.
It has to give a 15 min candle close above 2660 level to confirm breakout.
Target: 2760+
SL: 2628
View: 1-2 days (10th/11th Aug)
Hindustan Unilever Ltd -Short Term ViewDaily chart Elliot Wave Pattern: Its clearly wave C can complete @ Distribution Zone
RSI:
Currently @ 70 level ,so High Possibility for reverse as per History RSI Data
MACD:
Histogram shows some weakness ,So We can wait for reversal candle formation along with signal line cross over