HUL Trending Up
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It is been observed that the price action is trending in an upward channel in which the price action is respecting resistance and support levels. For instance, at 560 levels where the support was established, the price action bounces back after touching the support where the buying pressure was seen again. This indicates short term trend change that can take the price levels up again.
Target: 900
Stoploss: 855
Risk Reward: 1:3
Target: 900
Stoploss: 855
Risk Reward: 1:3
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Reaching Closing to targets, keep a check to book profits, Regards
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