Interesting Observation <> HINDUNILVR / NIFTY1st Chart: HINDUNILVR/ NIFTY
2nd Chart : NIFTY
HINDUNILVR/ NIFTY is almost a mirrorimage of NIFTY. I plotted various other stocks against NIFTY but cound't see any such pattern. One thing that can be derived is, whenever NIFTY goes down, HINDUNILVR usually maintains the level and in many cases it starts to move up. Example - recent fall of NIFTY.
Let me know what you think! Please do hit me with other interesting observations you saw in the market.
Hindustanunilever
Is HUL gonna give next breakout? Here is the past trend and breakout of India's evergreen FMCG Hindustan Unilever. If we compare year on year financials it shows almost 15-20% growth in revenues as well in Net profits. But it's still hanging around below expected levels as compare to growth card and potential surge in market demands after pandemic.
Maybe it's time for banking and other industries. But it looks like by end of 3rd quarter HUL surely gonna cross resistance shown in chart.
HINDUNILVR LOOK OUT FOR THESE LEVELS!!! HINDUNILVR
CONDITION 1
Buy above 2129
IMPORTANT LEVEL: 2134 TO 2140
- If the price able to break this level with volume and convection add more quantity. Target: 2150/2160
- If the price is not able to break the level, you can sell the stock target 2120/2110
CONDITION 2
Sell below 2116
IMPORTANT LEVEL: 2110 TO 2100
- If the price able to break this level with volume and convection add more quantity. Target: 2089/2079
- If the price is not able to break the level, you can buy the stock target 2125/2135
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Hindustan Unilever from 4 July 2020The stock was moving in sideways channel --> it broke with very much difficulty
It is now showing signs of spring entry ...
Multiple red candle touched the breakout level and now a jump in price is seen ... possibly showed retest of resitance zone ...
Main trade setup can be expected ...
1. Buying ITM CE --> why ITM because if price decrease we don't want to lose to time decay .
2. Selling OTM PE --> this OTM PE can be sell .. price on safe side can be should be below Support Zone (green)