HUL has finally broken out of ending diagonal trainagle.
Stock is trading below 20/50 daily EMA. Stock has closed near 100DEMA.
Any bounce in HUL would get sold off with resiatnce near 2430 which concides with 20DEMA too.
On downside stock can touch 2300 levels which is near 200DEMA. Below that Stock can go to 2150 levels which is 100EMA on weekly chart.
PS: just educational chart for learnng.
Stock is trading below 20/50 daily EMA. Stock has closed near 100DEMA.
Any bounce in HUL would get sold off with resiatnce near 2430 which concides with 20DEMA too.
On downside stock can touch 2300 levels which is near 200DEMA. Below that Stock can go to 2150 levels which is 100EMA on weekly chart.
PS: just educational chart for learnng.