HUL FUT is on the verge of breaking above cup n handle pattern ( 2522 ) on an hourly chart with decrease in OI suggesting short covering.
Conditional buy only above 2522.
Could be bought above 2522 with mentioned stoploss & target.
Also, be bought in options with 2520 ce cmp 34 with stoploss of 2485 (fut levels)
HUL fut broke above descending triangle pattern on daily/hourly charts with decent OI.
Very good Risk:Ratio
Could be bought with mentioned stoploss & target.
HUL FUT broke above descending channel pattern on an hourly chart with OI suggesting shortcovering turned to long build up.
Very good risk rewad ratio in favour of bulls.
Not to be missed.
Could be bought with mentioned stoploss & target.
hul fut is trading in very small range of 2512-2533 from past 5 trading sessions with closing above vwap on daily basis, also shortcovering started in 2520 ce.
With all these data suggests more upside if hul breaks past 2533.
Conditional buy above 2533 with mentioned stoploss & target.
HUL FUT is trading on higher highs/ higher lows formation & its almost on the verge of breaking out of triangle pattern on daily TF with good OI build up.
Could be bought with mentioned stoploss & target.
Risk:Reward very much in favour of bulls.
Those who trade in cash can adjust target & stoploss
For Option traders buy 2700/2720 ce
Hindustan Unilever can reach to ₹3000 because of following reasons :
1) stock is a monthly pullback
2) stock is monthly demand
3) stock is reacting positively to monthly demand
20/4 educational purpose only
Hindustan unilever
cmp 2116.95
sl above 2167 (pivot/15m on 19/4)
sell on rise at around 2150 (vwap/15m at 2157.35 on 19/4)
s1 2149.75 / s2 2120.30 / s3 2103.05 / s4 2085.80
Technical Indicators: Sell
Sentiments(Average): Buy 31 % Sell 69 %
Maximum Call @2400 (Resistance)
Maximum Put @2000 (Support)
PCR is -0.21 which is...
- stocks has forming ascending triangle pattern.
-stock is forming a Shooting Star candlestick pattern at the resistance level.
-Stock break and sustain above 2530 Next level to 2610/2700/2800 levels .
OR
-Stock break and sustain below 2430 Next level to 2310/2210/2310 levels .
