Hindustan unilever, After giving breakout from resistance zone on 20th august, it has made high of 2859 and now retracing towards 0.50% or till 0.618%, which is healthy retracement levels to go long. In both macd and rsi there is hidden bullish divergence seen, One can grab this opportunity to go long, if price retraces till 0.50% to 0.618% which is near 2488 to 2400 zones, with stoploss of 2300, For the Target of previous high of 2859 areas.
key levels are mentioned on chart Hidden bullish divergences
Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing