Chart Update: Hindustan Unilever Limited

Dear All, 

First of all I am very glad to inform you all that,we are on Facebook :). Facebook page link for same is Pattern Trading . I will post follow us on the trade in respective threads. So like our FB page , Share it and Stay tuned for low risk trades.

Regards, 
Pattern Trading. 

Hindustan Unilever limited:

Impulsive 3 or C got finished at 432. Share closed at upper end of the price channel.  Based on Fibonacci study,Moving averages and trend line it can be concluded that 464-465 will act as stiff resistance.. 465.5 is number to watch out for tomorrow , weekly trend will be firm up on close above it. Close below 447 will turn weekly trend down. 

 In short strength above 465.5 and weak below 447.

DISCLAIMER:

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.