HINDUNILVR trade ideas
HUL ::: at Critical JunctureHUL is just closed above a horizontal support line and also respected a weekly ascending trendline... Most likely it should reverse from here giving a buying opportunity...
But if it breaks the 2119 level with strong volume then chances of a more down movement is high...
Note: Analysis for education purpose and not a recommendation for investment...
Hindustan Unilever - BuyBottom formation has happened. Higher high and higher low today with both days green candles with ROC nearing zero from below and stochastic coming out of oversold zones. The falling Wedge was broken today and the stock went up with rise in volumes.
General short term trend of Nifty also up with FMCG doing well.
Buy HUL with a 3-4 day target of 2285 and short term target of 2430.