HINDUNILVR trade ideas
#HindustanUnilever This is a swing or positional Trade.
you can exit in 2-3 weeks
if your targrt achived you can book some profits
and there is a breakout it would be great trade to hold because it would be on it's all time high.
and nifty is performing well so it could be a great a leading sector in some time.
#Happy_Trading_
HUL LONGSETUP and HUL SHORT BOTH SETUP IS GIVENCondition
High Probability go for long above 2402 if price sustains at this and opens below 2495
Target 1 = 2458 Target 2= 2488
Medium Probability go for short if market is negative and it does not cross 2395 during morning hour
Target 1 2322
Note: Once it crosses 2395 do not short it wait for long when price will come at 2402 and sustain
intraday buybuy above the drown trend line for intraday,
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Hindustan Unilever good for swingThe analysis behind this trade is simple. Buy on the trend line. Hindustan Unilever has been respecting this trendline for years.
In the current scenario
Price took support from the trendline.
Engulfing pattern at the support and near the trendline.
Volumes are above average.
Zone from 2319 - 2333 has been proven good support previously.