HINDUNILVR is showing a dangerous price action on the Weekly charts. If my analysis is right, then the Bears have totally taken over control and we can anticipate the stock to have a major correction this year. Those who are holding long positions on this stock for investment may relook into it.
I foresee the correction to head towards 1650 price levels. Certainly bad news for the holders.
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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.