Hindustan Unilever (HUL) – Prime Setup for BTST & Investment!Description:
🔎 Market Overview & Technical Structure
Hindustan Unilever (HUL) is showing a strong technical setup for both short-term (BTST) and long-term investment opportunities. After a prolonged 2-year consolidation phase, the stock has finally broken out of its previous high from September 2021, indicating the potential for a strong upward move.
📉 Stock Correction from High:
All-Time High: ₹2,859 (September 2021)
Recent Low: ₹2,136 (September 2024)
Correction from High: ~30%
Current Price: ₹2,200 (Approx.)
💡 Why is This a Strong Investment Zone?
✅ Major 2-Year Consolidation Breakout – After a long consolidation period, stocks often witness strong movements.
✅ Previous Swing Low Taken – The stock has swiped the monthly swing low of ₹2,172.05 before rebounding, indicating potential accumulation.
✅ Higher Timeframe Confirmation – Strong price structure formation, confirming a bullish outlook.
✅ Low-Risk, High-Reward Setup – The entry provides a good risk-reward ratio, making it attractive for both traders and investors.
📌 Trading & Investment Plan:
🔹 📍Entry Strategy:
Conservative Approach: Wait for price to cross ₹2,200 for a confirmed breaks
Aggressive Approach: Enter at current levels but with a strict stop-loss.
🔹 🎯 Target Projections:
✅ Target 1: ₹2,368 (Short-term Target)
✅ Target 2: ₹2,604 (Medium-term Target)
✅ Target 3: ₹2,864++ (Long-term Potential)
🔹 📉 Stop Loss:
🔺 Strict Stop-Loss: ₹2,136 (Recent Low) – Keeps risk controlled in case of further downside.
🔹 Risk Management & Position Sizing:
Always allocate capital wisely based on risk tolerance.
Avoid over-leveraging and use stop-loss discipline to protect capital.
📢 Final Thoughts – Why This Trade Looks Promising?
📊 HUL has corrected ~30% from its all-time high and is showing strong accumulation signs.
📊 After swiping key swing lows, the stock is indicating a bullish reversal.
📊 A clean breakout could take the stock to new highs in the coming months!
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