Hindustan Unilever opened the session with a gap-up accompanied by above-average volume, signaling strong buying interest right from the start. While the stock saw some early profit-booking, it quickly regained momentum and is currently trading near the day’s high—an encouraging sign of sustained demand.
Weekly Chart: The formation of a large bullish candle this week suggests aggressive buying and a potential shift in sentiment. This pattern indicates that the bullish momentum is likely to continue into the coming week.
Daily Chart: The stock has successfully broken out above multiple resistance levels, confirming a bullish breakout structure. The breakout is backed by volume, adding credibility to the move.
Trading Strategy:
Given the alignment of bullish signals on both the daily and weekly timeframes, a swing long position is warranted for the upcoming week. Traders may consider the following approach:
Entry: On a minor intraday pullback or a break above the current day’s high for confirmation
Stop-loss: Below the breakout level or this week’s low
Target: Next key resistance or a measured move based on the breakout range[2750 - 2800], approximately 10% from current levels
The technical setup reflects strong bullish momentum and suggests further upside potential in the near term.
Weekly Chart: The formation of a large bullish candle this week suggests aggressive buying and a potential shift in sentiment. This pattern indicates that the bullish momentum is likely to continue into the coming week.
Daily Chart: The stock has successfully broken out above multiple resistance levels, confirming a bullish breakout structure. The breakout is backed by volume, adding credibility to the move.
Trading Strategy:
Given the alignment of bullish signals on both the daily and weekly timeframes, a swing long position is warranted for the upcoming week. Traders may consider the following approach:
Entry: On a minor intraday pullback or a break above the current day’s high for confirmation
Stop-loss: Below the breakout level or this week’s low
Target: Next key resistance or a measured move based on the breakout range[2750 - 2800], approximately 10% from current levels
The technical setup reflects strong bullish momentum and suggests further upside potential in the near term.
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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.