HINDUNILVR trade ideas
HUL Bullish CMP 2166HUL has turned bullish. Its RSI is in raising trend giving buying indication. It is trading above recent highs. Shall go up in short term f market does not fall badly.
Hindustan UniliverIts inside a triangle, most probably to break higher, for the time being Buy @ 2058 s/l 2045 tp 2120
Good Trading
Noufal Mandalil
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 - makes higher low in uptrend Hindustan Unilever is making a higher high and higher low on the weekly chart. it is has made a higher low recently and ready for the upward journey.
Hindustan Unilever AnalysisHindustan Unilever Broke a Important trend and can reach till 2000 which will be a good opportunity to Buy
HUL very nice formation -CUP AND HANDLE and Support by GANNHUL after good results, looks to be forming a cup and handle at the trend line. Supported by GANN numbers look to be a buy at cmp as a bounce is expected.
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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HAPPY TRADING
Go long if the resistance breaks on the closing basisHINDUNILVR Watchout on Black Line on Closing Basis for any opportunity to go long. Targets being the Red Trendline which is acting as a resistance if it breaks on a closing basis the Watch out for the green lines.
Reasons:
1. Resistance Zone Breakout
2. Fibo Supporting the move
Hul short candidate for mondayHul has again suffered resistance from 200 ma the fall is anticipatted if it trades below today's low on monday
hind unilever hul may go further from here. as my view it will go up to 2100/2143. follow the stop loss of 1997. for educational purpose only
