Hindustan unilever likely to reverse after good amount of correction. Bullish butterfly gartley pattern found on HUL daily charts . 225 as stop loss on closing basis on can try a long in that which looks a low risk trade.
Reference: Harmonic Patterns
Happy trading !!!!!
10 Replies to “HUL Bullish butterfly gartley”
Rajandran,I carry FEB [email protected] shall I wait till expiry.
The above post had been from our guest author Mr.Jay not from me. He may be posted this in taking delivery calls in mind. may be it doesnt suits options. Better Jay could answer your queries
Best way to play pattern is taking positional calls with mentioned stop loss. If you want to play in HUL options I will advice you to go for next month OTM CA which trades with least premium. Looks you carrying 240 CE so have strict stop @ 225.
hul for delivery can v go in buy with qty. how much return you expect
For 3 to 4 month perspective you can buy it for target of 260 – 275 with same stop loss.
hi sir i have new here. my question about bhartiartel. i have buy at 322 can i hold. my holding time 1 to 2year.can i add at lower level?
The long term support zone is near 233-240 levels which was earlier at 223
Check out the link Bharti Supports @223
jai sir your task very attractive.
Simon thanks, looks butterfly’s task 🙂
lost the image of HUL post while migration