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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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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.