HINDUNILVR trade ideas
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