HINDUNILVR trade ideas
Simple & Effective Breakout Trade #NiftySimple things and analysis make money in this market rather than filling your screens with patterns and indicators, A clear breakout is is visible in HUL after few trading sessions in 4 Hour chart , its clear coming out of its range now and heading towards creating new higher highs.
Hindustan Unilever from 4 July 2020The stock was moving in sideways channel --> it broke with very much difficulty
It is now showing signs of spring entry ...
Multiple red candle touched the breakout level and now a jump in price is seen ... possibly showed retest of resitance zone ...
Main trade setup can be expected ...
1. Buying ITM CE --> why ITM because if price decrease we don't want to lose to time decay .
2. Selling OTM PE --> this OTM PE can be sell .. price on safe side can be should be below Support Zone (green)