Long Hindustan Unilever HINDUNILVR

11 ott 2019

Swing Trade with horizon of about 3 months.

Target: Rs. 2200.

Hindustan Unilever has seen about 10 months of consolidation followed by a flag breakout. A close above the downward channel flag could mean a possibility of higher levels to come. The target will be the distance between the base and top of the flag pole (approx. Rs. 200).

Support is seen at Rs. 1920.

27 ott 2019

Nota

SL should now be trailed to 2100.

While supply is being seen around 2145 levels, stock is still making higher highs and higher lows indicating that the uptrend is intact.

There is a possibility of some consolidation. We will have to wait and watch for confirmation.

30 ott 2019

Nota

Hanging Man candle has been printed. This is indicative of a possible reversal in prices. However, confirmation is awaited.

CMP is 2175. It is very close to the initial target of 2200. Watch out for price action.

Stop Loss should now be trailed up to 2115.

31 ott 2019

Trade chiuso: obiettivo raggiunto

Exit at 2175.

Exhaustion appears to be continuing.

4 nov 2019

Nota

Price action confirms exhaustion.