Bullish Sentiment in Hindustan Unilever Ltd. Options TradeSpot vs. Strike Price: The spot price (2395.95) is very close to the strike price (2400.00), indicating that the option is near the money.
Contracts and Open Interest: With 4155 contracts traded and a high open interest of 696600, there is significant trading activity and interest in this option.
% Change and Closing Price: A 14.62% increase in the options price to 66.25 suggests bullish sentiment, as traders are willing to pay more for the option.
PCR Volume: A put-call ratio of 0.179 is relatively low, indicating that there are more call options being traded compared to put options. This typically suggests a bullish outlook among traders.
Position Build Up: This indicates that traders are increasingly taking positions in this options contract, which could lead to further price movement.
Summary:
The data indicates a bullish sentiment for Hindustan Unilever Ltd. with the options contract strike price close to the spot price, significant trading volume, a high percentage price change, and a low put-call ratio. The position buildup suggests that traders are expecting potential price movements and are positioning themselves accordingly.
HINDUNILVR-TRADE
HINDUNILVR--Demand Zone @2300 ??This stock is trading in a range bound from long time...
facing resistance on top at 2720 levels, and finding support at 2440 levels multiple times.
on bottom side at 2300, we have great demand zone.
look for buy when price comes to these levels.
A drop base drop, may be possible in this stock...wait until price breaks the trendline and wait for retest then look for short.
or buy when price test this demand zone.
HINDUNILVR - Elliott Wave CountHINDUNILVR - Elliott Wave Count
HINDUNILVR - the market seems to be forming a triangle pattern...
Please exercise caution when trading as this information is for educational purposes only.
plan your trade accordingly.
NSE:HINDUNILVR NSE:HINDUNILVR1! BSE:HINDUNILVR
HINDUNILVR--@Support??This stock has consistently found support around the 2500 level on multiple occasions. Currently, it appears poised for an upward move.
If it opens lower, the likelihood of a continued downward trend is relatively low. Even if the price were to break below the support, it may not be a signal to initiate a short position. The probability of an upward move remains favorable.
Consider maintaining a long position in anticipation of potential upside
HINDUNILVR--Trendline Holds or Breaks??The stock is trending upwards...
facing resistance in the zone 2740-2760.
price broken the resistance but not able to sustain again falls in the range below 2740.
if we see on bottom side..price has taken the support from the trendline multiple times..
if price breaks this trendline, we have a support @2580-2600 range...
so in order to be on sell side price has to breaks this zone...and gives us for some discount then will enter for short..
until be on the buy side and sell side ...in this range..
if we clearly analyze from bottom to top side...trading in a range.
HINDUNILVR--Short term Bearish look ??Observations::
--- the stock is facing resistance in the zone 2720-2740,
if price breaks the 2640 zone and gives retest to 2680 or 2660 will go for selling up to 2580 level.
Keep on buy side from 2580 level, to 2660 level.
Note::
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HINDUNILVR--Strong Resistance @2740-2720 Zone??Observations::
------->> Previous Resistance is clearly acting as a support.
------->> Price broken the trendline,now it it is resistance.
------->>We will check if it again comes back to 2580 and goes again or continue to move upside.
if it will again come back to these levels will go for buying to 2740 and 2720 levels.
Strong resistance is placed @2740 and 2720 levels.Keep on buyside from 2580 and 2540 levels.
this is previous analysis shared::
HINDUNILVR --Consolidation to bullish ???The stock price is observed to be bullish from 2440-2460 level, Observe reaction at this level in lower time frames like in 15 min and enter long.
previously leaving an demand zone, price gain came back to the same level,
enter here for long for target of untested supply zone at 2680-2700.
HINDUNILVR - Wave ChartHINDUNILVR may it's finish wave-c between 2460-2480 of a Flat forming in 75 minute wave chart.
