BUY THE BREAKOUT..Follow up on the Weekly chart..
2024 may happen just to long squeeze the highly leveraged degenerates :)
CROSS 2190 and we really pick up speed ...
targets on the chart.
HINDUNILVR trade ideas
2107-3200 by 18th October ? Weekly graph One of the popular one's with good liquidity , looking good on the lower time frame which i shall upload next.
As for now expecting a touch of the trend line again and range tightening with our friend the 200 day acting as support.
Looking at swing and possible intra day opportunity shall set some alerts for this .
HINDUSTAN UNILEVER LIMITEDHINDUNILVR showcases the onset of the downtrend with the current gap down opening. The stock was in a bullish uptrend followed by a consolidated between a span of two weeks in the 2090-2130 range.
The current level (2085-2090) can be termed as both resistance and support because the price is trying to break above it. If price closes above this level as of today, the stock might again go into consolidation.
If not, the price can fall to the lower support levels:-
SUPPORT LEVEL 1 (2010-2015)
SUPPORT LEVEL 2 (1960-1970)
If the price falls to these levels, accumulation should be carried out.
THANKS
P
Close Watch on #hindustanulileverKeep a close watch, as EMA 121 plays a important role on this stock. currently the price is trading in that range. Even there is a price range in stock from last few days. Which ever side it breaks there after we can follow the trend. (Maintain strict SL)
HUL Cup and Handle FormationHUL has created Cup and handle formation in daily charts. Today is the fifth and last day for handle creation. HUL is going to fly from here. Target 2300.
Hindustan Unilever - Bullish above 2000 levelBreakout without Volume - NOPE - Waiting for some interesting volume to show or pattern invalid and consolidation or fall can be expected.
I am quite bullish on this share - closing above 2000 will make a purchase of 2000 call and sit for one week.
HUL long postition call idea - Target 2200Why this long call?
1. Nifty Positive
2. Rounding bottom further could be extended in cup and handle pattern.
Hindustan Unilever Cup and Handle A Downtrend was there in HUL now cup is being formed in Daily Timeframe in lower time frame 2h and 1h chart handle can be seen . if it breaks the upper resistance trend line with good volume then we can expect good uptrend
HINDUNILEVER It has bounced back from levels of 1950, if it crosses 2075, it can be a long for a target of 2110.
HINDUNILEVER- BUY ON DIPSStock had seen a good breakout in Friday's session from its 10 day trading range.
Any dip in the stock is likely to be absorbed in 2030-2015 zone.
I am Bullish as long as it sustains above 1990 levels.
Further resistance stock can face is around 2100 levels.
Ready for breakoutBuy around 1980 levels target 2200 plus
Long term can make new high
Stop loss below support line
LONG HULHUL is at breakout range at 2016 for long, stoploss at 1963.
I am not a certified analyst, the charts shown here for study & learning purposes. Please share your views.
