HINDUNILVR trade ideas
HUL - Short term short playWith availability of oil to keep becoming tight expect FMCG players to start facing headwinds. They already faced problems with rising raw material prices and not easy to pass on the price rises.
Expect short term breakdowns/momentum on the downside. Stock could break the short term support level.
Short below 2110 with a stoploss of 2150.
HUL's love hate relationship with oilHUL maintains rally with oil prices, but only to a limit, after which its pricing power and brand power in terms of passing on costs crashes.
However, historically it has always recovered from super lows. At 1866 is a super buying opportunity. Buy 10% at current levels, and keep buying in tranches till the bottom out at 1866.
Set your GTTs for a upside recovery of 20%
Hindustan Unilever This stock has formed Decending Triangle pattern and given Breakout with good intensity of volume. One can go Long at current levels or in dips (if any) with Stop-loss of 2200 for targets upto 2570.
Breakout with good intensity of volume
All the key levels are mentioned in chart
Macd in hourly positive
Macd in daily positive crossover
Rsi in hourly above 60 and uptick
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing