Hindustan Unilever Limited - Pullback Trade opportunity
This post is based on the Pro-Setups script, which can be used for swing trading and pullback trades. We all know of Hindustan Unilever Limited (HUL). It is one of the best FMCG companies in India.
So, on 22nd June, 2020, HUL appeared in the Watchlists on both timeframes - weekly as well as daily. Its long term trend as per weekly charts has been continuously green. So it makes sense to look for a BUY trade in order to go with the trend. Look at the video which I posted on YouTube explaining how to take the trade.
Buy above - Rs. 2150
Stop Loss - Rs. 2050
Initial Target - Rs. 2450-2500
Disclaimer: This shall not be considered as Investing or Trading advice. Investing or trading in stocks are subject to market risks and there is no assurance of positive returns. I or my associates will not be responsible for any loss resulting from any trade taken after watching this video or reading the post. The viewer must do his own diligence and analysis in buying or selling the stocks mentioned. Further, the stocks mentioned are based on technical data such as their price movement, moving averages, trading volume, etc. as opposed to focusing on fundamentals and, as such, may not match with the recommendation in fundamental reports, if any, issued by me. I may have issued other Report(s) in the past that are inconsistent with and reach different conclusions from the information presented in this video. User discretion advised.