Unilever : Wedge Breakout + Support of EMA 200

24 thg 11, 2022

Earlier Unilever has given the Head & Shoulder breakout and after the breakout, the price moved upward by 10% and retrenched to level of Rs 2440 i.e. that was a H&S neckline & EMA 200 resistance level earlier, now acting as support.

Today's candle given a wedge breakout and price closed above EMA 21, opportunity to enter into trade with risk and reward of 1:2

The entry, target mentioned in chart and stop loss as per R&R ratio.

Thanks
-AJ