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FINDING BREAKOUTS SIMPLIFIED!! BREAKOUT IN HINDUSTAN UNILEVERNSE:HINDUNILVR Hindustan unilever was stuck in a long consolidation phase from many days and was under performing. in last few days it gained a bullish momentum as the whole FMCG Sector or CNX FMCG is currently most performing sector or index Currently as of all details given in the chart it has given a very strong breakout with strong bullish volumes and candle. It has closed above the last high of 2614 which is more than enough for a good breakout trade opportunity. Also in addition Call Unwinding from ITM has Started soon ATM Call Unwinding would start. 2600 would act like a minor support for now. If more PUT writing comes then would become stronger. A short retracement can be considered near a Range of 2600-2560 and we shall accumulate it on it a Good candidate for Swing. Traders can consider 2500 Can be considered on day closing basis. All the conditions for finding a good trade are given in the chart Please Read Carefully it is much educational DATA NOTE- THIS IDEA IS ONLY FOR EDUCATIONAL PURPOSE WE ARE/WOULD NOT BE RESPONSIBLE FOR ANY PROFIT OR LOSS Happy Investing..!!
NSE:HINDUNILVRLong
by Arshad_Khatib
Big breakout in Hindustan Unilever(HUL)HINDUNILVR was in ascending triangle pattern since April 2020 and today it has given a breakout of the range with very heavy volumes. Very good stock with strong fundamentals and has always been in uptrend. FMCG sector is the best defensive sector that one can buy when market is in correction. One can easily expect 5-10% returns in short term as the closing is above 2600 which is another positive sign for the stock. It might even try to retest the breakout levels of 2540-2550.
NSE:HINDUNILVRLong
by chartistamey
Helpful Questions to Ask Yourself.The quality of our life depends upon the quality of the question we ask. I think it's the same with trading also, successful traders ask better questions, and as a result, they get better answers. They get answers that help them to know exactly what to do in any situation to produce the results they desired. Below are the 5 questions that will help you to stay focused and will make sure you do the right things. 1-Did I get in before the market broke? One thing traders do that hurts them is to anticipate breakouts that never amount to anything. Instead of waiting for the market to break, they rush in to buy when it is at the top of its resistance level, hoping for the breakout. You shouldn’t anticipate a breakout every time the market approaches the support or resistance area, but you should be prepared to act if it does. 2-Am I getting in too late? Suppose a breakout happens with a huge candle showing a 6-8% move. We always feel that if we don't act immediately, we could miss a great trade. It’s not always easy for a trader to walk away from a tempting trade, but this is the difference between a high probability trader and a low probability trader. You will be better off missing a few good trades while removing out the mediocre ones as you wait for the trades that have a higher probability with a better risk/reward ratio. 3-Did I use volume or any other indicator to see if the breakout was a high probability one? To increase the probability of a breakout trade working, one can do a few things. By looking at different time frames to see the market more clearly, adding indicators such as the ADX or stochastics to time trades better, using volume to see if a move is substantiated, or adding filters to keep from rushing into a trade, one can improve the odds of capturing a breakout. 4-How much room does it have to go? When a market breaks out of a trading range, a trader should try to estimate the potential move so that he can measure the risk if the trade goes sour. Without a good mix between the two, no trade should be taken. It doesn’t make sense to make a trade with a 100rs potential profit but with a chance of losing 300rs. You need to have realistic ideas on how much each market or stock can give you or cause you to lose on a trade. Use the size of the previous wave, range, or congestion to measure the next move. 5-Should I wait for a retracement? By waiting for the market to test the old resistance line at Point Y one can make a higher probability trade than by chasing it at point X. By waiting for retracement you can trade with a better risk-reward ratio. Sometimes when the volume is strong, the initial move can be stronger and the chances of it retesting the breakout level are diminished, and so one has to let go of that trade. Your goal should be to take the trade with a better risk-reward ratio. Short Summary 1-Be prepared to do something when the market approaches a potential breakout area. 2-Use other indicators to help determine the chance of a breakout working. 3-Use the size of the previous wave, range, or congestion to measure the next move. 4-If the current R: R is good then enter & if not then wait for the pullback.
NSE:HINDUNILVREducation
by Indrajit08
6
HUL LONG TERM CHANNEL BREAKOUTHUL has finally given a channel breakout but crossing ₹2600 levels, we can go long from the current levels at ₹2650 for Target 1 = ₹2709 (Risk/Reward = 1:1) Target 2 = ₹2792 (Risk/Reward = 1:2.5) Stop-loss = ₹2590 It has very strong support at ₹2500 levels which is indicated by the Yellow line. This is my FIRST TIME publishing an idea on Tradingview, so please comment and tell me if there are any mistakes. Kindly hit the like button if you liked it. Also, the Financial statements data of HUL is very good and can also be bought for Long Term Investment at current levels with ₹2500 as Stop-loss.
NSE:HINDUNILVRLong
by vkshines11
Hindustan Unilever Technical AnalysisHindustan Unilever continued uptrend for fifth consecutive and ended at fresh record closing high on August 23.Security jumped 14.75 points or 0.56 percent to 2634.15. FMCG giant Hindustan Unilever have given a good breakout from their key pattern.The stock has been trading in a tight upward channel range for about 2 years (Sept 2019) and has now finally broken out from that range with strong candle.Technically this pattern indicates long term bullish in the market. If the market sustains above the level of 2640, the market expects to gain momentum, leading to an upside projection till 2800 - 2850 level while on the downside support is intact at 2600 . Momentum indicators like RSI and MACD will stay positive and market breadth will improve, further strengthening.
NSE:HINDUNILVRLong
by asifahmadkhan