Hindustan Unilever has formed an Inverted Head & Shoulder Pattern on the hourly chart. The pattern has formed near a resistance zone, which is a good confluence.
Entry: We can go long after breakout above neckline/resistance zone with close of strong bullish candle.
Stoploss: We can keep stoploss below the neckline/resistance zone, with some buffer.
Target: We can keep target near the next resistance zone.