Nifty 50 Stock Analysis Series - 6th stock - HUL:Nifty 50 Stock Analysis Series - 6th stock - HUL:
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** Daily Timeframe**
1. This stock is trading in a channel pattern for many months.
2. Support and Resistance are increasing gradually for many months.
3. Currently trading below 200 moving average.
4. Ideal candidate for long-term (10 years) SIP investment - buy one stock every month, irrespective of price.
5. Now, trading at the support price of the channel and likely to reverse and go up.
6. Channel height is around 15%. I've verified at different dates, specified in charts.
So, if you want to quick money, go for swing trading with a 15% target.
7. Date range between support and resistance is around 60 trading days - close to three calendar months.
8. With this logic, if we enter now with a target of 10%, then we can exit in 60 days @ Rs.2700
9. Entry and Targets are specified in charts.
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran
Hul
HUL - Long - awesome RR Ratio HUL building up momentum. Thanks to lockdown opening up, HUL seems to be gearing up for a big target. Strong volumes around 2525 suggest institutional buying. Long HUL above 2525 with Volume and strength for target of 2690 / 2850. A small SL @ 2470. Great RR ratio. Close above 2525 with volume and strength looks high probability for mentioned target.
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.
HINDUSTAN UNILEVER , 15 & 75 Min Analysis . In 75 Min Chart That is Attached Below .
Price Retraced . 0.618
Impulse Completed .
Price Is In Demand Zone .
In 15 Min Price Break Consolidation Candle .
Buy Initiated @ 2380 ( 15 Min )
Sl 2345 Followed By 2286 .
Trade And Manage Your RISK : REWARD According To Your Risk Appetite .
happy Trading .