Hindustan Unilever positional long opportunityFMCG sector is performing good these days. HUL being the leader in FMCG sector might perform good in coming days. Buy when the given resistance breaks and then the stock retest the same area. Then put stoploss right below the retest candle and ride the trend.
Hindustanunilever
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.
Is HUL gonna give next breakout? Here is the past trend and breakout of India's evergreen FMCG Hindustan Unilever. If we compare year on year financials it shows almost 15-20% growth in revenues as well in Net profits. But it's still hanging around below expected levels as compare to growth card and potential surge in market demands after pandemic.
Maybe it's time for banking and other industries. But it looks like by end of 3rd quarter HUL surely gonna cross resistance shown in chart.
HINDUNILVR LOOK OUT FOR THESE LEVELS!!! HINDUNILVR
CONDITION 1
Buy above 2129
IMPORTANT LEVEL: 2134 TO 2140
- If the price able to break this level with volume and convection add more quantity. Target: 2150/2160
- If the price is not able to break the level, you can sell the stock target 2120/2110
CONDITION 2
Sell below 2116
IMPORTANT LEVEL: 2110 TO 2100
- If the price able to break this level with volume and convection add more quantity. Target: 2089/2079
- If the price is not able to break the level, you can buy the stock target 2125/2135
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
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