HINDUNILVR trade ideas
HINDUSTAN UNILEVER ANALYSIS!!i want to say a lot of things in this idea.
so i will take it step by step, and be with me till the end of it.
first lets talk about the trend lines:
TREND LINES:
the blue lines: are the trend been followed by the stock past from the corona crash.
the major black lines is the new trend which should be followed by the stock.
this is because, the 2020 crash gave a boost to markets, and even many other sectors got benefitted from it.
HUL is the market leader, and do takes a good position in NIFTY 50, the fmcg sector has a good future(said by many analysts), the sector is forming and be gonna great in coming future.
HUL will support the above statement. the trend is drawn by the markets consolidation, and major points of resistance and support.
the red lines drawn are just crucious level to watch when to buy/sell considering only short term swing trading. yup, more can be drawn, but i found out those as much more crusious
the major green line is the support taken by the stock, after the FII selling been stopped and markets started to recover, and make the stock come back to its new trend.
2nd step: FIBBONACI RETRACEMENT:
recently the stock came down and stopped at 0.5 level. and now it is followed by going upside, with a green candle.
this week will be a could positive reaction of the stock. offcourse in the month of DEC, i am positive too.
(fibonnaci is taken from the lowest point of 2020 crash till, the ATH of stock).
3. RSI INDICATOR.
do note in the weekly chart of this stock, the RSI have mostly ranged from 45-75. currently its around 50, so this increases a lot of chance that HUL is undervalued.
FINAL POINT: i could still more add more indicators, to show, but not to consider over analysis, or say not make my idea so lengthy. its obvious more this 3 points(stated above), that HUL is a great to buy at this level.
one could earn about 20% from the swing trade, and about 40% return annually.
Hindustan Unilever Limited - Down Trend📊 Script: HINDUNILVR (HINDUSTAN UNILEVER LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY FMCG / NIFTY500 / NIFTY
📊 Sector: Fast Moving Consumer Goods
📊 Industry: Diversified FMCG
Daily Timeframe
Key highlights: 💡⚡
📈 Script is trading at lower band of Bollinger Bands (BB) and giving breakdown of it.
📈 Already Cross-down in MACD .
📈 Already Cross-down in Double Moving Averages.
📈 Current RSI is around 39.
📈 One can go for Swing Trade for short.
⏱️ C.M.P 📑💰- 2528
🟢 Target 🎯🏆 - 2420
⚠️ Stoploss ☠️🚫 - 2582
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
BEARISH HARMONIC PATTERN - HINDUNILVR - LATE ENTRYI was late to publish this idea, took position around 2644 on 19th Aug 2022
Bearish Harmonic Pattern Established, possible targets mentioned in the chart
Disclaimer - This is not a buy or sell advice. I am sharing what I see on the chat & what I am trading, based on my own knowledge & understanding. Please consult your financial advisor before taking any bets in the stock market. I will not be responsible for any profit/loss you incur on your trades based on my published ideas.
HINDUSTAN UNILEVERHello and Welcome to this analysis
HINDUSTAN UNILEVER the FMCG giant in hourly time frame is forming another ascending and inverted scallop bullish formation.
Ascending & Inverted Scallops have a success ratio of approx 70%. They are found in bullish trends and their formation works wonderfully with Fibonacci ratios as found in this case.
It looks good for 2700 as long as it does not break below 2590.
Good risk reward set up as FMCG stocks appear to be in a strong uptrend.
Good Luck and Happy Investing