HINDUSTAN UNILEVER : Updated Price Action
Updated
Here are some pointers to keep in mind:
- One year-long consolidation.
- Clearly defined support and resistance.
- 6 Week consolidation at the resistance zone makes the resistance weak
- Recent breakout was prevented with a long upper wick. A.K.A Sellers present.
- Margin of Safety is a mere 6% ( CMP vs ATH)
- There is no clear winner yet as the signals are mixed.
- A break of the consolidation range may lead to zone-to-zone momentum
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- One year-long consolidation.
- Clearly defined support and resistance.
- 6 Week consolidation at the resistance zone makes the resistance weak
- Recent breakout was prevented with a long upper wick. A.K.A Sellers present.
- Margin of Safety is a mere 6% ( CMP vs ATH)
- There is no clear winner yet as the signals are mixed.
- A break of the consolidation range may lead to zone-to-zone momentum
What is your take on it? Feel free to comment. If it helped, Do Leave us a boost 🚀
Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
Note
Is Hindunilver gunning for Zone to Zone momentum? 2500 will be a factor.Note
We have reached the 2500 mark.Note
Strong Bullish Engulfing at 2500!Note
As mentioned in the Analysis "A break of the consolidation range may lead to zone-to-zone momentum". 2500 was definitely a factor but it failed to hold. The zone-to-zone momentum is done.Note
Looks like HUL needs to break first before it can rise again.Note
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The level we were expecting is here:Note
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Crucial price point:Note
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Hindustan Unilever results are out. Here is a quick snapshot.x.com/TheChartereds/status/1783160932241158450
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