Hindustan Unilever Limited – Possible Reversal from Support Zone
🟢 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.
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.
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คำจำกัดสิทธิ์ความรับผิดชอบ
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.