Trade ideas
HINDUNILVR Long PositionalHINDUNILVR is trading in Ascending Triangle Pattern giving bullish bias for upcoming days. Pattern will be completed once the price crosses 2420. Break above the resistance line(2420) is our entry trigger with an SL below 2395. The Risk Reward in this trade is high as we are targeting 2500. Setup will be invalidated if the pattern break below the supporting trendline.
Exit🔴 Stock broken 200 DEMA and looking most weak among other peers in current bull market.
🔴 High probability of another 10-15% correction even from current levels. 2100-2000 on way.
🔴 Bottom fishing can be suicidal at the moment. Fresh longs only when it sustain above 200 DEMA
🔴 Stock broken multi year trendline. Momentum indicators are in favor of the bears now.
🔴 After a 4 years of bull run, stock getting ready for a correction or consolidation. #Short.
Hindunilvr LongHindunilvr Long
Stock is at strong resistance zone
20 & 50 week EMA around 2418
50 & 100 day EMA around 2420
Buy on close above- 2420
SL- 2280
Target- 2600, 2820
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Charts and views are only for educational purpose.
SWING TRADE - R:R - 1:2 - HINDUSTAN UNILEVER LIMITEDPotential Opportunity as Swing Trade in NSE:HINDUNILVR and also predicting positive for long term investment.
SWING TRADE - RISK TO REWARD - 1:2
ENTRY - 2325.75
TARGET - 2445.75
STOP LOSS - 2265.75
This is for Educational Purpose only, please apply your prudence & consult your adviser before any investing.
#nse #swingtrade #nifty #hindunilvr #riskrewardratio






















