HINDUNILVR trade ideas
Hindustan Unilever Ltd Technical Analysis Indian Stock MarketHindustan Unilever Ltd Technical Analysis Indian Stock Market
Hindustan Unilever is Indias largest fast-moving consumer goods (fmcg) company with a historical presence in India of over 80 years. Nine out of ten Indian households use one or more of its brands to feel good, look good and get more out of life, giving them a unique opportunity to contribute towards a brighter future for its customers and consumers.
trade#987.SAN. Long
Disclaimer:
Trading is risky. Please consult with your financial adviser before making any trading or investment decision. Set-up provided here is for informational and educational purposes only.
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There are heavy chance that most of the presented scripts does not meet set (described) entry conditions, as most of the posted analysis are based on Static ANalysis (SAN). Many times scenarios does not arise for good and ideal entry points. Hence needs personalized intraday techniques and strategies (PITS) are required for your entries and exists Always run with SL. Wavozen1 aims to publish real-time entries and exits.
Set-up presented here is for observational purpose only and most of the set-up designed by WavoZen is based on SAN for intraday purpose only to get the basic structure for intra-day short term or ultra-short term purpose only. Most of the set-up is valid for a day or otherwise mentioned. Hence requires your fine tuned personalized intraday techniques and strategies (PITS) based on Real-time Analysis (RT)/ Dynamic ANalysis (DAN) to get benefit from these structures or to have minimum loss, if wrong through your PIT Strategies (your trade plan). Overnight events, Gap-up opening, gap-down opening, news, major economic data release etc may impact the deviation from the assumed scenarios. If entry conditions and criteria are not meet, then we should not take any chance to enter on assumed scenarios. If there is a deviation in assumed scenario in time, speed and angle and these deviations will not encourages for entry as referred as entry not valid (ENV). Daily post appears on stocktwits.WavoZen. Abbreviations: PT1: Profit taking point 1; PT2 =profit taking point 2; SL: Stoploss point. ENT: Entry not Triggered; ENV: Entry not valid.
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?
