Hindustan Unilever Ltd. – Bullish Breakout with Strong Momentum

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.