Let's break down the trading maze and focus on HINDUNILVR. We've got a potential opportunity, and I'll guide you through the simple steps.
📊 What's Up with Daily Demand Zone?
HINDUNILVR has taken a dip and landed in its daily demand zone. This is where the action begins. Check this out – the daily chart shows a breakout from a trend line, a big deal in our trading world.
📉 Trend Line Breakout: Big Move Alert
On the daily chart, we saw a trend line break. That's like the starting whistle for a significant move. Now, the stock's taking a breather with a retest – it's checking if the breakout was legit.
🕒 Zooming In: 5-Minute Chart
Now, switch to the 5-minute chart. It's like zooming in with a magnifying glass. Guess what? We spotted a bullish engulfing pattern. Sounds fancy, right? It just means the stock might be ready for a U-turn.
🚀 The Simple Plan
No need for complicated stuff. Here's the plan: When the stock's price goes above the highest point of that engulfing candle, hit the buy button. We're aiming for yesterday's closing price. To play it safe, set a line in the sand (stop-loss) below 2497.5.
📈 Candle Magic in Small Timeframes
In simpler terms, seeing a bullish engulfing pattern in the 5-minute chart is like finding a treasure map. It gives us more confidence in buying from the daily demand zone.
🎯 Quick Recap of the Plan
Buy When: AT highest point of the engulfing candle.
Target: Yesterday's closing price.
Safety Net (Stop Loss): Below 2497.5.
🌟 Trade Smart, Keep It Simple! 📈🚀
📊 What's Up with Daily Demand Zone?
HINDUNILVR has taken a dip and landed in its daily demand zone. This is where the action begins. Check this out – the daily chart shows a breakout from a trend line, a big deal in our trading world.
📉 Trend Line Breakout: Big Move Alert
On the daily chart, we saw a trend line break. That's like the starting whistle for a significant move. Now, the stock's taking a breather with a retest – it's checking if the breakout was legit.
🕒 Zooming In: 5-Minute Chart
Now, switch to the 5-minute chart. It's like zooming in with a magnifying glass. Guess what? We spotted a bullish engulfing pattern. Sounds fancy, right? It just means the stock might be ready for a U-turn.
🚀 The Simple Plan
No need for complicated stuff. Here's the plan: When the stock's price goes above the highest point of that engulfing candle, hit the buy button. We're aiming for yesterday's closing price. To play it safe, set a line in the sand (stop-loss) below 2497.5.
📈 Candle Magic in Small Timeframes
In simpler terms, seeing a bullish engulfing pattern in the 5-minute chart is like finding a treasure map. It gives us more confidence in buying from the daily demand zone.
🎯 Quick Recap of the Plan
Buy When: AT highest point of the engulfing candle.
Target: Yesterday's closing price.
Safety Net (Stop Loss): Below 2497.5.
🌟 Trade Smart, Keep It Simple! 📈🚀
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Stay updated on Telegram:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Access the powerful Demand and Supply Zone Pro indicator at:
marketup2date.com
Stay updated on Telegram:
t.me/MarketUp2Date
Join our WhatsApp channel:
whatsapp.com/channel/0029Va6ByyH0LKZCc4Az4x0u
marketup2date.com
Stay updated on Telegram:
t.me/MarketUp2Date
Join our WhatsApp channel:
whatsapp.com/channel/0029Va6ByyH0LKZCc4Az4x0u
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.