HINDUNILVR : ready to spice up!

6 hari yang lalu

Hindustan Unilever Ltd (HINDUNILVR)

1. Technical Analysis
   The chart indicates a complex correction with potential wave reversal and long-term upside targets.
   
   
   1. Golden Retracement Zone: ₹2,361–₹2,390
      
      This zone aligns with Fibonacci levels and acts as a high-probability buying area.
      
   2. Deep Retracement Zone: ₹2,263–₹2,348
      
      A last line of defense for bulls, providing better entry opportunities if prices dip further.
      
   3. Options/Future Target Levels: ₹2,564–₹2,594
      
      Initial resistance zone after a reversal.
      
   4. First Target Level: ₹2,885
      
      A mid-term target where partial profits can be booked.
      
   5. Second Target Zone: ₹3,123–₹3,223
      
      A long-term target for swing or positional traders.
      
   6. Stop Loss: Below ₹2,263
      
      If prices fall below this level, the setup is invalidated.
      
   Educational Tips:
   
   Buy Strategy:
   Enter near ₹2,361–₹2,390 with confirmation signals (e.g., hammer or engulfing candles).
   Add cautiously near ₹2,263–₹2,348.
   Stop Loss: Below ₹2,263 to limit risk.
   Target Levels:Short-term: ₹2,564–₹2,594
   Mid-term: ₹2,885
   Long-term: ₹3,123–₹3,223
   Conclusion and Key Tips:
   
   Always wait for confirmation signals like bullish candles, breakouts, or trendline breaches before entering trades.
   Use retracement zones (golden and deep) to time entries effectively.
   Risk Management:
   Place stop losses below critical support levels to limit potential losses.
   Never risk more than 2–3% of your trading capital on a single trade.
   Target Zones: Plan exits at resistance levels or predefined targets to secure profits.
   These setups provide high-probability reversal opportunities with proper risk management and target planning.