H I N D U N I L E V E R - T H E P R O F I T M A C H I N EHUL 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)
HINDUNILVR1! trade ideas
x p l o s i o nhul 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.
H I N D U S T A N U N I L E V E R 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 Unilever20/4 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 bearish
always wait for the right levels to enter trades