HINDUNILVR trade ideas
Upward trending Pattern Accumulate HUL on Dip
Support
S1 2632.7
S2 2563.73
S3 2381
200 EMA 2458 -- also break
Two supports break
Just wait for green candle (I see below 2400)
accumulate in between 2380 to 2400
Target at
For Short term 2815
For Long term 3100
Do you own research!!! No recommendation !!!
Hindustan Unilever : AnalysisHindustan Unilever is at crucial level of accumulation. Breaking to either side can give good target's. Over shooting box levels is a prominant posibility.
These levels have multiple support:
1) Heavy volume support since 20th of sep.
2) lower price rejection.
3)Holding Weekly PP levels.
4) Bull run of Nifty.
Safe entry would be above 2725. which can give possible target of 2850.
Breakdown of box levels can possibly give target of 2500 levels. Possibility of either side breakout is good and targets are good as well.
PS: Trade as per your risk appetite and follow RR Ratio. Mind well no body is Pro in the market.
📈 Pre-open Chart #PriceAction Analysis by #KRMG (21 Oct)👉 Stock 1- #HINDUNILVR
👉 Sector - FMCG
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has been strongly reversed to downside from 2860 Level and it also showing strength in downward direction and has 2350 Level as its next barrier as Hourly Timeframe
If it breaks and sustain Below the CRITICAL ZONE it may start continuation of Downtrend and has space till 2400 Level
Watch for #PriceAction around important CRITICAL ZONE structural points to plan your trade
🎯 Coming to sectoral pattern - #Niftyfmcg is currently showing the downside strength as its reversed strongly from its ALL TIME HIGH Level and closed convincingly below its important Support of 39900 Level
#KRMGPriceAction
#LearnWithKRMG
accumulate at mentioned 3 pointsleader in its sector. consumption based theme so will always be in demand. so no reason, not to buy it.
but when to buy is the question. i have marked 3 prominent levels which could be possible points of reversal.
It a range of 200 points. so every dip to those levels could be an opportunity to buy.
This should be a long term pick. 2-4 months as it might take time to unfold in our direction.
Hindustan unileverHindustan unilever,
After giving breakout from resistance zone on 20th august, it has made high of 2859 and now retracing towards 0.50% or till 0.618%, which is healthy retracement levels to go long. In both macd and rsi there is hidden bullish divergence seen, One can grab this opportunity to go long, if price retraces till 0.50% to 0.618%
which is near 2488 to 2400 zones, with stoploss of 2300, For the Target of previous high of 2859 areas.
key levels are mentioned on chart
Hidden bullish divergences
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Hindustan Unilever position after 2021 Q2 result.From my understanding of the charts, Hindustan Unilever has dropping below 50 days moving average and touching 100 days moving average with RSI well within oversold levels indicates the completion of a cycle of profit booking.
Historically, Hindustan Unilever has respected the 100 days moving average line as a firm support level and hasn't faltered more than 7% below it. Good quarterly result of the share coupled with lowered RSI and plateauing straightening PVT means the profit booking Bull run is about to end and another cycle support to trend resistance is about to begin.
hindustan unilever bearish trendAs we can see this stock has completed its harmonic journey and fell from point D .Now we can short sell this stock with minimum and safe target of 2634.
Please maintain stop of point D on candle close basis, if candle is closed with volume above this, then go for fresh long
retesting the breakout level - Safe strategy Hindustan Unilever is currently on a Very Important level . It is retesting both all time high breakout level as well as the trendline . And volume also seems to pickup . I wanted to enter earlier too when breakout happened but that was way too parabolic and risk reward wasnt good so i didnt . i dont fix any target i just like to ride the scrip as long as so a less risk trade is always my first choice .
Nowadays overall market is at very high level without any time or price correction so its hard to find less risk trades . so dont miss this trade . stoploss is way too small .
Now how to enter
For Risk taking traders - can enter at this level with a day closing basis stoploss 2550 and target is open . Trail the sl to cost if it reaches all time high and then ride the scrip with any system you follow .
For Safe Traders - Wait for confirmation with a bullish candle and better if a long wick on lower side with good volume ( dont enter if its too big ) . and then u can put the stoploss on day closing basis below 2600 if u enter with confirmation .
Please like the post if you like the analysis .
Follow me for more low risk swing trades . Will try to post in market hour next time .
Happy trading .