Cup and Handle - Hindustan Unilever
Updated
Hindustan Unilever has successfully validated a cup and handle pattern and is well on its way to 3600 levels, which would be the first obvious target.
Stoploss levels would be 2400, although I would personally use ATR or Supertrend or 50DEMA as a trailing stoploss from here on.
That said, please do follow appropriate risk management and position sizing principles.
Stoploss levels would be 2400, although I would personally use ATR or Supertrend or 50DEMA as a trailing stoploss from here on.
That said, please do follow appropriate risk management and position sizing principles.
Trade closed: stop reached
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