HindUnilvr Structure BreakHi Traders,
Previous Structure Break Kindly Avoid GapUp
15 min Chart Make descending triangle pattern so be careful
Plan B in comment Box
Simple & best techniques for Trading called S&D Zone easy to understand for making Profitable Trade. Believe Price Action, has the potential to change your trading lives.
Thanks & regards
Sakthi
HINDUNILVR
Interesting Observation <> HINDUNILVR / NIFTY1st Chart: HINDUNILVR/ NIFTY
2nd Chart : NIFTY
HINDUNILVR/ NIFTY is almost a mirrorimage of NIFTY. I plotted various other stocks against NIFTY but cound't see any such pattern. One thing that can be derived is, whenever NIFTY goes down, HINDUNILVR usually maintains the level and in many cases it starts to move up. Example - recent fall of NIFTY.
Let me know what you think! Please do hit me with other interesting observations you saw in the market.
HINDUNILVR - Double bottom - Intraday/Very short term tradeThe above analysis is done purely on basis of chart patterns and price action.
The analysis is done on 30 min TF hence target can be achieved in intraday or in a couple of days.
Trade logic with, entry strategy, SL and Target is explained in image itself.
Don't chase the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
HUL Bullish CMP 2185HUL- CMP 2184. 20EMA crossed 50EMA just recently and it gained bullish momentum. MACD crossover done on last trading session it entered positive territory which is positive. RSI also crossed resistance zone and shall go up. Can be taken with SL of 2115 for a target of 2220, 2328, 2388, 2495. General momentum presently in FMCG sector also will be another factor for taking longs in the counter. For educational purpose only can take experts opinion before investment.