buy hindunilvrit has taken support of 200EMA and it has taken support of previous swing low. we may see 2480 in coming days. view negated below 2315
HINDUNILVR trade ideas
LEVER MALFUNCTIONINGA-B-C correction of super cycle wave 1 started.Wave B came in the form of ending diagonal.Wait for bounce( may or may not come immediately) to go SHORT
HINDUNILVR is showing reversal from it's 2350 levelsNSE:HINDUNILVR is showing reversal from it's 2450 levels but this could be false reversal as RSI is still showing weakness.
Hindustan Unilever: Parallel ChannelHindustan Unilever comfortably moving in a parallel channel for a long time.
HINDUNILVER - Trading plan 27th JulySummary
► DTF is in area with "Bearish Hammer", which infers "sellers being dominant" bias".
► Pivot analysis infers TRENDING DAY bias and ADR is below 0.50 which suggests high probability of TREND DAY.
► CPR has "narrow range LV" relationship, which suggests breakout tomorrow.
► Support levels 2332/2319
► Resistance levels 2371/2356.
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Trading Plan
1. Any bullish PA above 2350.75 is stop of 2345.50 and target of 2359. (Scalp)
2. Any bullish PA above 2356.65 is stop of 2350.75 and target of 2370.
3. Any bearish PA below 2351 is stop of 2361 and target of 2340. (Scalp)
4. Aggressive short below 2345 is short with stop of 2353 and target of 2331.
Two rules that I follow religiously while trading
► Don’t trade until 9:30, unless it’s a trending day.
► Once you Reach 1:1 RR ratio move u SL to cost and book 50% if you are conservative trader.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Bonne chance!!
@Sacredmonkey.
Short#HindUnilever looks weak. TradersVenue score 4 Star bearish. RSIStairs trading below 35. A potential short candidate with protection for August series
HINDUNILVR is showing weakness on day timeframeNSE:HINDUNILVR is showing signs of weakness and can show 2300 levels.
#HINDUNILVR - Retracement#HINDUNILVR - CMP of 2350 should show some retracement levels of 2390, 2410 and 2440, just long as 2325 is held as SL.
HUL : WEEKLY TFGOOD MOVEMENT, BROKEN OUT OF THE TRIANGLE FORMATION, EASY UP MOVE AHEAD
T1: 2595
T2: 2690
ADD ON DIPS 2260
HUL REVARSAL HARMONICS (BULLISH ALT BAT)In Hindustan Unilever Bullish ALT Bat harmonic structure is found in which reversal is expected from 1.13 level .( range between 2311 to 2314).
Long Candidate for Swing 1.Trading near 50% retracement
2.At channel Support
3.can go long if bullish price action happens henceforth
HINDUSTAN UNILIVER POSITIONAL IDEAALSO DO YOUR OWN ANALYSIS BEFORE PLACING THE TRADE
FOLLOW RISK REWARD
HUL BreakdownHUL has finally broken out of ending diagonal trainagle.
Stock is trading below 20/50 daily EMA. Stock has closed near 100DEMA.
Any bounce in HUL would get sold off with resiatnce near 2430 which concides with 20DEMA too.
On downside stock can touch 2300 levels which is near 200DEMA. Below that Stock can go to 2150 levels which is 100EMA on weekly chart.
PS: just educational chart for learnng.
HUL Cup n Handle structurecheck at your end for other confirmations also
Looks good for better entry and RR
hindustan unilever bullish sharkqif candle closes above both red trendlines we may initiate long position.
good luck
