HINDUNILVR trade ideas
FMCG GIANT GAVE CHANNEL BREAKOUT !HidustanUnilever - The FMCG giant has given a good breakout from its major channel pattern . Stock was in tight upward channel range since approx past 2 years ( Sep 2019 ) and now it has finally given a good breakout from the channel.
Another critical point was that there was a Sub pattern also , which was Double Bottom which is also a bullish pattern.
We all have heard about some of the famous brands like Dove, Lux, Lifebuoy, Pears, Hamam, Lyril, Rexona, Surf Excel, Wheel, Comfort, Clinic Plus, Sunsilk, Fair & Lovely, Pond's, Lakmè, Vaseline, Bru, Taj Mahal, Lipton, Brooke Bond, Cornetto, Kisan, Annapurna, Magnum, Close up, Pepsodent, and many more. You will be surprised to know that Its parent company is this giant- Hindustan Unilever.
So its clearly a great fundamental company and its also bullish on technical terms.
This was my honest and fair analysis only use it as education , trade as per your analysis or seek financial help from your advisor.
Feel free to share your own views.
Hindustan Unilever - Channel breakout 🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
Hindustan Unilever near trend line breakout Hindustan Unilever is near trend line it has tested trend line multiple times
A good buying opportunity is only above its Monthly resistance breakout which is 2615 levels
If it breaks 2615 levels then I'll look for opportunities to enter..
But till then we should have eye on It.
Happy investing
Hindustan Unilever long opportunityHello People!
HUL has been taking consistent supports from the bottom trendline since 2018. Thus there is a high probability it would act the same way here as well.
But I jumped in a bit earlier and I have solid reasons for that. The first being that HUL has shown a massive bullish candle right at support. So chances of a trend reversal seem high.
The second reason is the solid weekly 50EMA and daily 200EMA support. The stock made a bullish candle right at these crucial averages.
The third reason being that the bullish candle was formed exactly at the 50% Fibo level.
Ideally, I should have waited for a confirmation of a trend reversal. But with Nifty breaching its All-time high and still going strong, there's a high probability that this reversal will be happening. Also, Risk to Reward is too good to ignore this trade.
* STRICTLY NOT A BUY CALL *