HINDUSTAN UNILEVER BRAKEOUT ON DAILY CHARTNSE:HINDUNILVR
Hindustan Unilever gives brake out on daily chart.
Buy 2386
SL 2323
Target 2550+
Hindunilvrprediction
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--@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::
