Potential Breakout in HUL - Catching it early

HINDUNILVR

Potential breakout occuring in Hindustan Unilever

Broad based buying seen across consumer stocks. (Check Dabur, Godrej CP). Trading above key MAs, trying to break above resistance zone.

Already broken above previous high, good volume activity. Can be a good long trade.

Target R1 / R2 based on monthly pivots, the R:R stands at 1:1 and 1:2 respectively, with an SL coming below today's low.

Bình luận:

Trading below the HH candle low. If it closes this way then stop would be triggered. Didn't expect this based on the strength of the move to be honest, thats why risk control always helps.
Lets see how it closes

Đóng lệnh: dừng lỗ:

Likely closing below breakout candle low
Time to get out!

Bình luận:

Looks like it recovered that day and just managed to close above day's low.
Anyone who still held this congratulations you've discipled yourself to follow the trade rules!
Poor decision from me in hindsight, as I close the trade when it started trading below 2650.
Now, the initial trade still exists, will update this as it happens despite closing the trade from my side

Bình luận:

Still hasn't closed below the stop level