HINDUNILVR : ready to spice up! Hindustan Unilever Ltd (HINDUNILVR)
Technical Analysis
The chart indicates a complex correction with potential wave reversal and long-term upside targets .
Golden Retracement Zone: ₹2,361–₹2,390
This zone aligns with Fibonacci levels and acts as a high-probability buying area .
Deep Retracement Zone: ₹2,263–₹2,348
A last line of defense for bulls, providing better entry opportunities if prices dip further.
Options/Future Target Levels: ₹2,564–₹2,594
Initial resistance zone after a reversal.
First Target Level: ₹2,885
A mid-term target where partial profits can be booked.
Second Target Zone: ₹3,123–₹3,223
A long-term target for swing or positional traders.
Stop Loss: Below ₹2,263
If prices fall below this level, the setup is invalidated.
Educational Tips :
Buy Strategy:
Enter near ₹2,361–₹2,390 with confirmation signals (e.g., hammer or engulfing candles).
Add cautiously near ₹2,263–₹2,348.
Stop Loss: Below ₹2,263 to limit risk.
Target Levels:
Short-term: ₹2,564–₹2,594
Mid-term: ₹2,885
Long-term: ₹3,123–₹3,223
Conclusion and Key Tips :
Always wait for confirmation signals like bullish candles , breakouts , or trendline breaches before entering trades.
Use retracement zones ( golden and deep ) to time entries effectively.
Risk Management:
Place stop losses below critical support levels to limit potential losses.
Never risk more than 2–3% of your trading capital on a single trade.
Target Zones: Plan exits at resistance levels or predefined targets to secure profits.
These setups provide high-probability reversal opportunities with proper risk management and target planning.
