HINDUNILVR trade ideas
Up above the 200DMA when the world is below.Auto and FMCG are outliers (above 200DMA). Yesterday it was a massacre of retailers in US markets.
Autos has all the bad things happening inflation, interest rates, raw material prices and still they are up. Autos should come down in auto mode down
In general anything above 200 DMA will be first TGT. e.g BoB above 200 DMA but PSUBank below 200 DMA.
HINDUNILVR Bullish Positional TradeBullish Positional Setup formed in HINDUNILVR.
One can go long at current level with a SL of 2125.
Stock has corrected nearly 33 % from its 25 Week High.
A good accumulation can be seen in range of 1900-2200 in last few weeks.
One can expect good performance of Stock & Fmcg Sector in coming week's.
Hindustan Unilever long opportunityNSE:HINDUNILVR
Stock -> Hindustan Unilever
TimeFrame -> Weekly
Hello all!
Hindustan Unilever has corrected about 40% from its highs in September 2021. The stock has been in a downtrend since then and has been taking stiff resistance from trendline 1. It approached its strong support band of 1850-2000 and took a strong bounce from there with good volumes and also broke trendline 1. The retest of the trendline has been done and its followed by a bullish candle. This thus makes for a good opportunity to go long.
Apart from the price action, the stock also seems to be taking support from its 200 weekly EMA. Also the bounce has come from the 50% fib level which further strengthens the conviction on going long.
Hindustan Unilever view for next week 02/05/22.Hindustan Unilever has formed a nice bullish candle on weekly and monthly time frame.
The stock has closed below its 20 ema on monthly time frame and above 20 ema on weekly time frame.
On daily time frame, the stock has taken resistance from its 200 ema and has formed a spinning top kind of candle. There is a bullish divergence on RSI indicator on weekly time frame.
Support :- 2214, 2110
Resistance :- 2300, 2420
Wait for a close above its 200 ema on daily time frame and watch for a price action near the levels.
HUL - Resistance PlayI have already once shared a bearish sentiment on HUL but last week it went up..
But the 200EMA could act like a major resistance for now considering raw material prices are up.
Short at current price with stoploss above 2290. Can even double down the short below 2110 (then shift stoploss to 2210.
There would be a breakdown below 2110.
HUL : HINDUSTAN UNILEVER LOOKS GOOD ??Hello !!
Good Morning !! Welcome to the quick update for HUL. Hindustan Unilever Limited is a consumer goods company that specializes in daily-use items. It looks good both technically and fundamentally as of now. It was under a falling wedge for a long time. As of now, it has finally broken its long-time resistance of Rs 2210 and is currently trading around Rs 2255. The Rs 2210 will now act as strong support as it was the major resistance for a long time which has now turned into major support.
One can consider adding this to your bag for long-term holding. The expected entry should be around Rs 2215 to Rs 2260. Don't add all at once, add some now and add it when the price touches around Rs 2215 to Rs 2225.
The expected target can be around Rs 2433 to Rs 2727 and this looks good for the long term.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
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HUL chimoku BreakoutStock Name - HUL. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness.
More strength will be visible once it will sustain above 2260. Worth to keep in watch list for coming days.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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#hindustanunilever technical analysis.#hul has broken its long term support of 200 day moving average and trendline suggesting that it is in bearish zone till it breaches 2400. Both trendline and 200 day ema suggesting huge resistance around 2400 levels.
Recently it has breached its nearby resistance and formed w pattern. its a good short term buying opportunity too with near by stop loss of 2100 and target of 2250.
Buy on any reversal or support candle around 2100 levels.