HINDUNILVR--Trendline Holds or Breaks??The stock is trending upwards...
facing resistance in the zone 2740-2760.
price broken the resistance but not able to sustain again falls in the range below 2740.
if we see on bottom side..price has taken the support from the trendline multiple times..
if price breaks this trendline, we have a support @2580-2600 range...
so in order to be on sell side price has to breaks this zone...and gives us for some discount then will enter for short..
until be on the buy side and sell side ...in this range..
if we clearly analyze from bottom to top side...trading in a range.
HINDUNILVR trade ideas
HINDUNIL short positionHINDUNIL is at the resistance on the weekly time frame.
The price is also close to the resistance from the Keltner channel therefore we expect a pullback, however after that more upside is possible .
MACD looks good for bulls so probably after the pullback we will see more upside action.
Good luck
HINDUNILVR--Short term Bearish look ??Observations::
--- the stock is facing resistance in the zone 2720-2740,
if price breaks the 2640 zone and gives retest to 2680 or 2660 will go for selling up to 2580 level.
Keep on buy side from 2580 level, to 2660 level.
Note::
If you are not able to see my Ideas in your following section, please change in language setting to English(English).
hinunilvar rockshey everyone! whats up.
here today im going to share something intresting about further movement of hindunilvar stock whick has broken resistance earlier and now trying to up the rally. once it has broke last resistance then we were already entered in this trade and thereafter market again consolidated. as of now,in weekly timeframe we can see that it has again broke thr good resistance and now it can move good.
when market breaks resistance or support after reaching it a lot of time,market rallys or falls quickly.
thank you.
the idea is only for educational purpose.
not recommended any buy or sell advice.
HINDUNILVR--Strong Resistance @2740-2720 Zone??Observations::
------->> Previous Resistance is clearly acting as a support.
------->> Price broken the trendline,now it it is resistance.
------->>We will check if it again comes back to 2580 and goes again or continue to move upside.
if it will again come back to these levels will go for buying to 2740 and 2720 levels.
Strong resistance is placed @2740 and 2720 levels.Keep on buyside from 2580 and 2540 levels.
this is previous analysis shared::
#HINDUNILVR.. Looking good 18.05.23#HINDUNILVR.. ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
Breakout in Hindustan UniliverThe breakout looks promising with bears failed to push the price down from support multiple times and bulls have come up with breakout .It is also supported by SMA200 as it is just crossing it.It will surely need follow up and retesting if it has to be labelled as genuine breakout.
HINDUNILVR --Consolidation to bullish ???The stock price is observed to be bullish from 2440-2460 level, Observe reaction at this level in lower time frames like in 15 min and enter long.
previously leaving an demand zone, price gain came back to the same level,
enter here for long for target of untested supply zone at 2680-2700.