HUL has given Breakout from an inverted H & S pattern.
Hindustan Unilever has given Breakout from an inverted Head and Shoulder pattern on daily candle with a good volume.
Entry, SL and Target are mentioned in chart.
Also, respective index is also in positive structure which gives more assurance of the target hit.
However, one should be cautious about price being slip to SL as the Nifty has changed its structure to lower high lower low. Which may drag price downwards for short term or with momentum.
Note: This analysis is for Educational Purpose Only. Please invest of trade after consulting a professional financial advisor.
Entry, SL and Target are mentioned in chart.
Also, respective index is also in positive structure which gives more assurance of the target hit.
However, one should be cautious about price being slip to SL as the Nifty has changed its structure to lower high lower low. Which may drag price downwards for short term or with momentum.
Note: This analysis is for Educational Purpose Only. Please invest of trade after consulting a professional financial advisor.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.