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Hindustan Unilever Inverted Head & Shoulder

Long
HINDUSTAN UNILEVER (NSE:HINDUNILVR)  
vt_trader  
NSE:HINDUNILVR   HINDUSTAN UNILEVER
Trend Analysis Harmonic Patterns Chart Patterns HINDUNILVR hindustanunilever head_and_shoulder supportandresistancezones niftytrend ITC niftytradesetup headandshouldersformation invertedheadandshoulders
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trendanalysis harmonicpatterns chartpattern hindunilvr hindustanunilever head_and_shoulder supportandresistancezones niftytrend itc niftytradesetup headandshouldersformation invertedheadandshoulders
Hindustan Unilever has formed an Inverted Head & Shoulder Pattern on the hourly chart. The pattern has formed near a resistance zone, which is a good confluence.

Entry:
We can go long after breakout above neckline/resistance zone with close of strong bullish candle.

Stoploss:
We can keep stoploss below the neckline/resistance zone, with some buffer.

Target:
We can keep target near the next resistance zone.

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