Tuesday, February 28, 2012

HUL head & shoulder pattern

hindustan uniliver has formed head & shoulder pattern as shown in figure & looking very bearish below 376-375 level. stock has failed to close above its 50 SMA line @ 395 & again failed down to 377 level.  if stocks breaks 375 then it is likely to hit 362,355, 346.  sell @ 375 target 355 SL 392 (positional call)

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