Hindustan Unilever27July21:
Added this defensive stock today to my portfolio. Have not participated in this bullish cycle until now.
Trade setup:
Weekly: 50EMA providing good support for years. Stock is moving in HH - HL formation (wedge formation) or ascending triangle. Respecting the trend line as well (solid pink line at bottom). All these factors to good confluence.
Entry = 2340 INR
Stop loss = below the trendline (solid pink line)
Target = 2600 INR
RR > 3.5
Be patient with the stock!
