It is currently following support and resistance trend lines, both are moving upward. If break resistance trend line price Rs 2250 then it will showing approximate 20-30% up side instead good down side.
The fluctuation of the Hindustan Unilever shown on the chart, let's see
- The stock is still following a modest trend line, so it will touch 2033, then try to...
Take long position with strict stop loss.
There is two possibilities, if real buyers are coming then market will rise that's why market showing recovery with choppy (optional when positive sentiments push for strong up side)
Instead after a week market again down. Below 25000 again correction with same height from 27500-25000 and Nifty 11170-10276