Technical Breakdown
HUL has successfully broken out of a rounding cup pattern, a classic bullish continuation setup that often precedes strong upward momentum. Here's what stands out:
Cup Formation: Smooth, rounded base formed over several sessions, indicating gradual accumulation.
Breakout Confirmation: Price surged past the neckline at ₹2325 with increased volume, confirming the breakout.
Consolidation: Post-breakout, the stock is consolidating just above the neckline—a healthy sign of base-building before the next leg up.
EMA Support: Price is comfortably trading above the 20, 50, and 100 EMAs, reinforcing bullish sentiment.
🎯 Target Projection
Using the height of the cup (approx. ₹75) and projecting it from the breakout point:
Breakout Point: ₹2325
Cup Depth: ₹75
Projected Target: ₹2400
Stop-Loss: ₹2290 (below consolidation zone)
This aligns with the classic cup breakout strategy, where the target equals the depth of the cup added to the breakout level.
🧠 Trading Insight
This setup is ideal for swing traders looking for a low-risk, high-reward opportunity. The consolidation post-breakout offers a potential re-entry zone before the next impulse move.
HUL has successfully broken out of a rounding cup pattern, a classic bullish continuation setup that often precedes strong upward momentum. Here's what stands out:
Cup Formation: Smooth, rounded base formed over several sessions, indicating gradual accumulation.
Breakout Confirmation: Price surged past the neckline at ₹2325 with increased volume, confirming the breakout.
Consolidation: Post-breakout, the stock is consolidating just above the neckline—a healthy sign of base-building before the next leg up.
EMA Support: Price is comfortably trading above the 20, 50, and 100 EMAs, reinforcing bullish sentiment.
🎯 Target Projection
Using the height of the cup (approx. ₹75) and projecting it from the breakout point:
Breakout Point: ₹2325
Cup Depth: ₹75
Projected Target: ₹2400
Stop-Loss: ₹2290 (below consolidation zone)
This aligns with the classic cup breakout strategy, where the target equals the depth of the cup added to the breakout level.
🧠 Trading Insight
This setup is ideal for swing traders looking for a low-risk, high-reward opportunity. The consolidation post-breakout offers a potential re-entry zone before the next impulse move.
İşlem aktif
Target achieved in 1 day ( 3% up )
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.