HINDUNILVR trade ideas
Hindustan Unilever Swing TradeHindustan Unilever Swing Trade
If you look at the chart that's labelled here, you'll notice that there are 5 downward swings. These swings are part of a larger correction that consists of 3 swings. The first part, which is called wave A, has 5 smaller waves within it. The second part, wave B, consists of 3 waves. Then, the final part, wave C, also has 5 waves within it as part of this 3-swing correction. Now, it's possible that we might see an upward movement in the price, possibly reaching a range between 2660 to 2700. This would be part of wave B. After that, it's expected that there could be a downward movement in the price, possibly going as low as 2390. This would be part of the larger correction and could represent the completion of wave C.
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Double Bottom Pattern Reversal in HINDUNILRHINDUSTAN UNILEVER LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Double Bottom Pattern.
📊 It can give movement upto the Reversal target of Above 2590+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 2690+.
📊 Can Go Short in this stock by placing stop loss below 2460- or last swing Low.
HINDUNILVER | Time to slow down??The Chart is pretty Self-Explanatory.
1. Since March 2022, the price climbed almost 42% to make an all-time high.
2. It then consolidates for 200+ days, to form a double-top pattern.
3. Recently, with 4 parabolic red candles it broke the zone.
4. We should see some pullback if it has to resume its retest and continuation
What do you think??
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Hindustan Unilever 15 min Double BottomIn NSE:HINDUNILVR Double bottom forming in 15 min timeframe chart
So its possibility that W pattern or double bottom is formed on 12 July 2023
Confirmation at 2700
And it can reach till 2740
Disclaimer - This I share just for reference and educational purpose for community. Please do not take trade based on this. For trading or investment please do your analysis.
HINDUNILVR--Trendline Holds or Breaks??The stock is trending upwards...
facing resistance in the zone 2740-2760.
price broken the resistance but not able to sustain again falls in the range below 2740.
if we see on bottom side..price has taken the support from the trendline multiple times..
if price breaks this trendline, we have a support @2580-2600 range...
so in order to be on sell side price has to breaks this zone...and gives us for some discount then will enter for short..
until be on the buy side and sell side ...in this range..
if we clearly analyze from bottom to top side...trading in a range.
HINDUNIL short positionHINDUNIL is at the resistance on the weekly time frame.
The price is also close to the resistance from the Keltner channel therefore we expect a pullback, however after that more upside is possible .
MACD looks good for bulls so probably after the pullback we will see more upside action.
Good luck
HINDUNILVR--Short term Bearish look ??Observations::
--- the stock is facing resistance in the zone 2720-2740,
if price breaks the 2640 zone and gives retest to 2680 or 2660 will go for selling up to 2580 level.
Keep on buy side from 2580 level, to 2660 level.
Note::
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