HINDUNILVR trade ideas
[Positional] HUL Buy IdeaBiren's spot.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Long:Hindustan Unilever 1) Positive divergence visible on daily time frame
2) At bottom of parallel channel from 2018
3) Pinbar formed on daily chart and bottom of channel
4) Horizontal Support at 2310-2290
Nifty FMCG:
1) Formed pin bar at 200 DEMA
2) Positive divergence visible on daily time frame
3) Weekly price forming pinbar at 50 WEMA
4) Monthly price riding 9 MEMA
Most likely reversal can be seen from these levels and very good opportunity to enter quality stock of Hindustan Unilever.
Please note that this view is for educational purpose only.
HINDUNILVR | Excellent trendline support - 20%HINDUNILVR | Excellent trendline support and value discount - Can expect 20% rally for short term
CMP : 2329
SL : 2200
The stock is trading in negative 3% for the year 2021 (As on 29/11/2021 close) - We can consider this as huge discount for the value stock.
HUL falling wedge in 1 Hour Time frameThis is a follow up on my previous post on HUL, (You can check that in related Idea field below).
Having a 4 year long support, We can witness that this stock is forming a falling wedge pattern in 1 hour time frame. We can take entry ONLY if it closes strongly above the resistance trend line drawn in this chart.
NOTE : This holds true only if NIFTY/SENSEX holds its position.
Disclaimer - I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only
Simple Trade Setup| HUL [HINDUSTAN UNILVR] |24-11-2021[INTRADAY]NSE:HINDUNILVR
I am posting this as one of the follower on twitter requested for it.
Observations:
1) On 1day time frame, it is still sustaining above the parallel channel. Please refer the same which was provided in previous trade setup.
Please refer below chart : 1 day Time Frame.
2) On 1 day time frame, today's candle closed just above the upper trendline of parallel channel.
Please refer below chart : 1 day Time Frame.
Also major critical zone is 2360 to 2400.
If it gives breakout of 2400 level then we can see a bullish move and sustainable breakdown of 2360 will make it bearish.
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Trade Setup for Date: 24-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Hindustan Unilever : AnalysisNSE:HINDUNILVR has been falling for almost a week now and has touched its demand zone.
The possibility of moving up is good. Majorly there are two possibilities form here:
1) Accumulation of buyers at these levels as we have seen previously that sellers are defending highs that are made recently. that means a consolidation at this phase.
2) Moving up as it has moved down a tad bit more than expected. Forming an imbalance in between.
In either case, the market is going to go up the possibility of moving down is very thin now.
PS: Never underestimate market it has a tendency to shock you to a very core, always risk what you can afford to lose follow RR ratio, and Trade with your head in place. No analysis is 100% effective.
PPS: Im into this trade I'l update soon.
Hindustan unilever is on buy with small stop lossDisclaimer
I am not SEBI Registered. I am just sharing my views here for education only.Do trade or invest at your own risk, This channel or am not responsible for any losses and won't claim anything from your profits either. Be aware of what you are trading and take financial advices from your advisors before jumping in
Look for Low risk, High reward, and High Probability setups
Things to Remember while Trading with the Trend
Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..