Hindustan Unilever Limited – Possible Reversal from Support Zone

5 gün önce

🟢 Hindustan Unilever Limited – Possible Reversal from Support Zone

Timeframe: 1 Hour (Heikin Ashi)
Structure: Price approaching demand zone

🔍 Analysis:

The stock has been in a consistent downtrend and is now testing a strong support zone near ₹2400–₹2410.

Multiple rejections from this zone indicate buying interest at lower levels.

Immediate resistance zones are observed around ₹2480 and ₹2630.

If price sustains above ₹2435–₹2440, a short-term reversal toward ₹2480 could be expected.

⚙️ Trading Plan (for observation):

Entry Zone: ₹2410–₹2430

Target 1: ₹2480

Target 2: ₹2630

Stop Loss: Below ₹2390 (on closing basis)

🧭 Summary:

The structure suggests a potential base formation at the current demand zone. A breakout above ₹2440 may confirm a reversal toward higher resistances.

4 gün önce

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