Hindustanunilever
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)
Alert HINDUSTAN UNILEVER Short By eW.Elliott Wave footstep for Hindustan Unilever:
If we look the Price is under the 5 impulsive wave with confirmation of 0.382 fib level at 4 the wave, If it Drops Continuously we can see price 1900 : 1850: 1750 as Well
Alert: Those who can hold Their position and likely to think for long.
Thanks
HINDUSTAN UNILEVER , 75 Min Elliott Wave Analysis .Elliott Wave Pattern Completed , Double Corrective Flat Followed By Zig Zag
Price Retraced 0.5 Of Its Impulse Wave .
Bigger Time Frame Trend Is Upside .
If Price Respect 2088 Level That Is 0.618 Fib Then It Will Give Big Upside Movement .
Last High Can Also Break .
Find A Bullish Setup Around Demand Zone (Marked Green)
Or Near 2088 Level .
Happy Learning .
HINDUSTAN UNILEVER , 15 & 75 Min Analysis . In 75 Min Chart That is Attached Below .
Price Retraced . 0.618
Impulse Completed .
Price Is In Demand Zone .
In 15 Min Price Break Consolidation Candle .
Buy Initiated @ 2380 ( 15 Min )
Sl 2345 Followed By 2286 .
Trade And Manage Your RISK : REWARD According To Your Risk Appetite .
happy Trading .