HINDUSTAN UNILEVER : Updated Price Action

Here are some pointers to keep in mind:

- One year-long consolidation.
- Clearly defined support and resistance.
- 6 Week consolidation at the resistance zone makes the resistance weak
- Recent breakout was prevented with a long upper wick. A.K.A Sellers present.
- Margin of Safety is a mere 6% ( CMP vs ATH)
- There is no clear winner yet as the signals are mixed.
- A break of the consolidation range may lead to zone-to-zone momentum



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Is Hindunilver gunning for Zone to Zone momentum? 2500 will be a factor.

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We have reached the 2500 mark.

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Strong Bullish Engulfing at 2500!

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As mentioned in the Analysis "A break of the consolidation range may lead to zone-to-zone momentum". 2500 was definitely a factor but it failed to hold. The zone-to-zone momentum is done.

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Looks like HUL needs to break first before it can rise again.

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The level we were expecting is here:

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Crucial price point:

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Hindustan Unilever results are out. Here is a quick snapshot.
x.com/TheChartereds/.../1783160932241158450

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