Saturday, March 16, 2013

HINDUSTAN UNILEVER LTD. ANLYSIS 15 MARCH

No indicators on weekly chart for this stock.
This is 1 yr daily chart showing a trend line and support-resistance level.

Now it is also a 1 yr daily showing some bullish divergences.
Nothing else in this stock.

My opinion:
There are not sufficient indicators those can tell us anything else about this stock but now it is on such level that it doesn't have any big previous resistances so we can enter in it for a target of Rs. 480.

Strategy:
Just keep in mind that it is better to move out with small profit instead of a huge loss.
If it still goes up on Monday (18 March) then purchase it for above target.

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