Hindustan Unilever Limited
Hindustan Unilever Limited has risen to an all-time high and continues to do so, suggesting that the company is a great long-term investment.
I recently discovered a fantastic investment opportunity. Please review and comprehend Hindustan Unilever Limited's monthly chart. Based on the chart, Hindustan Unilever Limited appears to be a wise investment option in the 2700–2750 range. It has performed admirably so far and has a great deal of upside potential.
Please refer to the monthly chart for Hindustan Unilever Limited. The stock is gaining and prepared to trade over horizontal resistance as it prepares to break out of the 2700–2750 zone. The chart shows that Hindustan Unilever Limited is currently in strong demand at a price of 2700. The estimated growth era, which spans from 3550 to 3600, is depicted in the chart below.
- Hindustan Unilever Limited has been growing and is poised to make a good breakthrough sometime between 2700 and 2750, which makes it a great long-term investment opportunity.
- Hindustan Unilever Limited appears to be in a great position and has room to expand to 3550 and 3600, according to the chart.
- As of right now, the optimal price range to buy this stock is between 2700 and 2750 because the risk-reward ratio is perfect for cash transactions.
- The chart suggests that the stock is poised to break out of an ascending triangle formation, with a target price range of 3550 to 3600.
Please refer to the Hindustan Unilever Limited monthly chart for reference. The monthly chart shows horizontal resistance, a breakout, and demand in the 2700–2750 price area. Strong demand in that range causes the stock to climb.
Today, the stock nearly hit a new all-time high, suggesting that the current price is a fantastic purchasing opportunity. Kindly observe the horizontal resistance and the point of rupture. As of now, the stock has maintained its upward trajectory on the chart, reaching its targets between 3550 and 3600.
Hindustan Unilever Limited benefited from the rising triangle; the pattern's most recent objectives lie between 3550 and 3600. The rising triangle is one chart pattern used in technical analysis. Price fluctuations result in a rising trend line at the swing low and a horizontal line at the swing high. The two lines create a triangle.
Investors may look for a long-term buying opportunity around the 2700–2750 zone because the stock is in strong demand and take advantage of any declines that happen. A comeback to the 3550 and 3600 levels might come from this, exhibiting a strong risk-reward ratio. Use every downturn as an opportunity to invest because this stock has a large upside potential. Use each dip to buy shares of this company.
Investors may use cash to buy the stock gradually, aiming for prices between 3550 and 3600 with a stop loss of 2450.
In order to enable the stock or instrument to attain high volume and upside with a quick increase and target hit, as a trader or investor, I frequently search for a Volatility Contraction Pattern (VCP), which is a circumstance in which there is a decrease in price volatility before a significant gain. For further information about VCP patterns, please download the FxCareers app from the Google Play store. We also demonstrate how to find these kinds of highly-precision patterns.
Hindustan Unilever Limited's monthly chart shows both resistance and support. The spot chart displays the levels.
|
Hindustan Unilever Limited |
Support |
Resistance |
|
Level 1 |
2650 |
3550 |
|
Level 2 |
2450 |
360 |
Company Profile: Mumbai serves as the corporate headquarters of the British-owned Indian finished goods giant Hindustan Unilever Limited (HUL). It is a division of the British business Unilever. Foods, drinks, cleaning supplies, personal hygiene items, water purifiers, and other fast-moving consumer goods (FMCGs) are among its offerings.
When Hindustan Vanaspati Manufacturing Co. was founded in 1931, it became HUL. It was renamed Hindustan Lever Limited in 1956 after the constituent firms merged. June 2007 saw another name change for the business, to Hindustan Unilever Limited.
Hindustan Unilever has been at the center of several scandals, including the contamination of Kodaikanal's land and water by disposing of extremely hazardous garbage laced with mercury in ordinary landfills. Refer to: Mercury poisoning in Kodaikanal. The British business also took a lot of heat for an offensive ad campaign that referred to the Hindu pilgrimage destination at Kumbh Mela as a "place where old people get abandoned." This was criticized as being both racist and insensitive.
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