Currently stock is in strong uptrend, this is the third time price is going to touch the trendline, price reaction will be aggressive after breaching marked levels, we've also marked a breakout zone where price can consolidate to respect the trendline perfectly.
price is currently consolidation on a major trendline, on lower timeframe price is in downtrend since 18Oct, price can surge aggressively after the breakout, we've marked supply & demand zone which is a crucial level for HAL.
price has made a triangle pattern, on bigger timeframe it looks like a continuation pattern, but we will wait for the price to breach supply or demand zone before taking any position.
Hindustan Unilever is in uptrend and currently on a major demand zone, a bullish divergence is also supporting the price to rebound after heavy selloff.
The stock may given a multiple breakout in next coming week after good consolidation. The risk and reward is very favourable with ratio 1:3.
Points considered in analysis: The chart analysed on weekly time frame and for positional trade only.
- Ascending Triangle Pattern
- Volume accumulation in past few week
- 2 year resistance breakout
- Morning Star...
#Bitcoin bybit
No worry $BTC. 1D $BTC still bullish 🤫
I believe #BTC still bullish until above shows support break.
Thanks for liking my idea.
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Last 1 month Nifty trade between 15450 to 15920 range.
this level is make or break level .
which side break we seen sudden move that side.
for next week 15600 is small support, if not break we seen again 15750-15800
and if break 15600 then 15520/15450 possible .
