LEVELS ARE MARKED IN THE CHART. PLEASE DO YOUR OWN ANALYSIS BEFORE TAKING TRADE
LEVELS ARE MARKED IN THE CHART. PLEASE DO YOUR OWN ANALYSIS BEFORE TAKING TRADE.
All the resistance trendLines has been tested multiple number of times. Previous day saw a good price rejection from bottom at good volume. All the levels are marked in the chart. Some error in chart STOPLOSS at 1748
The script was inside a channel. Now it is showing signals of coming out of the channel. One can take Long positional trade with a target of 1070 if the channel is broken on the upper side.
ONE CAN SHORT THIS. TARGET OPEN OTHER LEVELS MENTIONED IN THE CHART
The script has formed a MORNING STAR on the DAILY CHART and broken the hourly Trendline. One can expect an easy target to 1680 levels followed by 1727 with a strict STOPLOSS at 1577 on DAILY CLOSING.
For the past few days the script has been in downtrend. It has broken 25th March trendline. One can SHORT it for the targets mentioned on the chart keeping SWING HIGH as the STOP LOSS.
HUL has been in an consolidation phase for the past few days. It has filled the GAP created on 1st June and showing strength in an upward move. One can take position above 2100. It could fill the GAP at 4th May.
Taken Support as 255.25 which can considered as STOPLOSS (on day closing basis). On the upper side it can see 400-420
It has been a while since it is in uptrend without any correction. The black line (339.40) is major resistance. Below 336.75 there could be a minor correction up to a level of 323 (Target 1) followed by 311 ( Target 2).
Please take a position only after analysing your targets and stop loss.
After a very heavy downfall the script has come onto its support line. If it breaks this support then 153 could be a feasible target.
It is making a symmetrical triangle pattern. The last candle shows a little bit of price rejection ( since its high is very much close to the trend line). Also not to forget that it has crossed the 5000 psychological level with high volume. If tomorrow opens with a positive indication then a trade could be possible. TARGET - 5248 - 5317 STOP-LOSS - NEAR 5000