HINDUSTAN UNILEVER - Long-term Trend Analysis

HINDUSTAN UNILEVER - Long-term Trend Analysis

1. It breaks the primary trend 9 months ago...
2. Now for the past 15 months in the long unwinding/Accumulation zone.
3. 2 options 1st If the trend moves upward means it has resistance at 2500 and 2700.
4. Only when it crosses 2700 it will be considered a bullish trend. otherwise, it will be on a bearish trend only.
5. Already it's fallen more than 33% from its all-time high.
6. Do you think will it fall further? Maybe yes based on the global market trend correction.
7. If it falls down what will be the support? 1st support will be at 1900 and 1750.
8. Stock is trading at 10.68 times its book value.
9. If the market crash it might fall to 1900. hope it won't touch the 2020 crash line.

Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
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