Hindustan Unilever (HUL) Trading Plan
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Context
Gap Down Recovery: Massive gap down on 7th April followed by sustained upward momentum.
Breakout Confirmation: Closed above key horizontal resistance (2295) and trendline confluence.
Entry Strategy
Organic Entry: Wait for retest of 2295 (now support) for bullish confirmation (e.g., bounce, volume surge).
Aggressive Entry: Enter directly above 2295 with a strict stop loss at 2289.
Target & Risk Management
Target: 2452 (aligns with swing high structure).
Stop Loss: 2289 (below breakout level to invalidate the setup).
Key Notes
Confluence of horizontal + trendline breakout strengthens bullish bias.
Monitor price action for retest confirmation; avoid chasing if momentum stalls.
Risk-Reward: ~1:5 (SL: 16 pts | Target: 157+ pts).
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Trade with discipline. Adjust SL to breakeven at 2350 if target 1 (2400) is hit. 🎯
▬▬▬▬▬▬▬▬▬▬▬▬
Context
Gap Down Recovery: Massive gap down on 7th April followed by sustained upward momentum.
Breakout Confirmation: Closed above key horizontal resistance (2295) and trendline confluence.
Entry Strategy
Organic Entry: Wait for retest of 2295 (now support) for bullish confirmation (e.g., bounce, volume surge).
Aggressive Entry: Enter directly above 2295 with a strict stop loss at 2289.
Target & Risk Management
Target: 2452 (aligns with swing high structure).
Stop Loss: 2289 (below breakout level to invalidate the setup).
Key Notes
Confluence of horizontal + trendline breakout strengthens bullish bias.
Monitor price action for retest confirmation; avoid chasing if momentum stalls.
Risk-Reward: ~1:5 (SL: 16 pts | Target: 157+ pts).
▬▬▬▬▬▬▬▬▬▬▬▬
Trade with discipline. Adjust SL to breakeven at 2350 if target 1 (2400) is hit. 🎯
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.