HINDUNILVR trade ideas
HUL.......Bearish gartley ???Hul looks weak below 1725. Targets on the down side - 1660 , 1620, 1605.
Reason for bearish view :-
(1) Price rejection at top of the channel.
(2) Bearish gartley.
(3) price in the sell zone.
Small pullback or consolidation to break the resistanceReady to break and make take time correction and little price correction to break the resistance.
Buy HUL for new up journeyAs you can see price is trading near to the bottom of the bands and also near strong support zone we can expect rally soon in HUL good luck
Hinduunilvr Wave Analysis(Bullish)#HINDUNILVR 3 wave correction complete
C wave ending diagonal completed at 1663 and a break out of this falling wedge is a buy signal and shud be 5 wave impulse up for new life highs
RSI formed a double bottom and a bullish divergence with stoch cross over #nifty50 #niftfuture
HINDUSTAN UNILEVER - RESTING ON SUPPORTHUL
CMP 1684
Stop 1600
Long suggested at around 1690 plus.
Logic:
Stock resting on long term upward trend line.
Stock resting on 40 wks ema (200 day ema) with tight price action.
Appearing to be a good setup with a favourable risk reward with a possible target of 1875 plus.
Just learning..... Seen down trend in price movement, and RSI peak are at same level.... Is it a sign of turn around?
HUL @ SupportIf this support breaks it could touch the long term support line as well as the 200EMA.
Creating a descending triangleIf the descending triangle breaks to the down.
Target 1 is 0.5 fib level.
It can go to 0.618 level with a wick.
The long term trendline can act as a support.
HUL Respecting the descending triangle pattern. SHORTAs indicated, the HUL is respecting the descending triangle pattern. If the script close below 1740 today, there is a breakout .
Expecting to consolidate until 1610 rupees.
