(Positional Trader) Best Buy For HUL

10 thg 5, 2020

1. FMGC is the SEGMENT not affected by lockdown.

2. Recently, On Day Chart HUL has Morning Star Formation , But it does not have a strong volume on last day.

3, So, It may recheck the price of 1984.
Story of 1984--
1984 is the 78.6% retracement level from recent low of 1857 to high of 2485 .
1984 also got the strong buy volume on day chart.
1984 is a strong support for now.

4. On Drawing AB=CD Pattern on HUL From Price level A= 1857,B = 2485,C =1984. Formation of AC=0.786.
Lets Identity the reversal Point D
Assuming BD=1.27 (to satisfy AB=CD Pattern Low Level), D Form at 2618
May be BD=1.61 (to satisfy AB=CD Pattern High Level) D Form at 2799

5. On Drawing Fibonacci Retracement from the recent HIGh and low . 2100 is 0.27 level . Price may find the resistence here.

5. So Buy Above 2102 Target 2618 , 2799 Stop Loss 1900

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