HUL: Channel trade Potential
HUL
Chart set up
- we are looking at weekly chart of HUL
- Stock is trading in a channel since July 2022
- currently at lower end of the channel
View
- Range bound movement
Trading Strategy
- Consider to accumulate at current levels and on dips for a target potential of 2730 odd levels
- If weekly closing is below 2393 then pattern gets invalidated
Understanding Risk :: Reward and Risk Management
Reward potential for the set up approx 250 points from current levels
Have provisions to accumulate further on dips in such a way that RIsk is of around 60 points
giving us a Risk::Reward ratio of 1::4 plus
Take care and safe trading...!!!
If you find the analysis useful do Like and Follow
Chart set up
- we are looking at weekly chart of HUL
- Stock is trading in a channel since July 2022
- currently at lower end of the channel
View
- Range bound movement
Trading Strategy
- Consider to accumulate at current levels and on dips for a target potential of 2730 odd levels
- If weekly closing is below 2393 then pattern gets invalidated
Understanding Risk :: Reward and Risk Management
Reward potential for the set up approx 250 points from current levels
Have provisions to accumulate further on dips in such a way that RIsk is of around 60 points
giving us a Risk::Reward ratio of 1::4 plus
Take care and safe trading...!!!
If you find the analysis useful do Like and Follow
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