HUL Trade Setup: Breakout Retest Play Levels

Hindustan Unilever (HUL) Trading Plan
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Context

Gap Down Recovery: Massive gap down on 7th April followed by sustained upward momentum.

Breakout Confirmation: Closed above key horizontal resistance (2295) and trendline confluence.

Entry Strategy

Organic Entry: Wait for retest of 2295 (now support) for bullish confirmation (e.g., bounce, volume surge).

Aggressive Entry: Enter directly above 2295 with a strict stop loss at 2289.

Target & Risk Management

Target: 2452 (aligns with swing high structure).

Stop Loss: 2289 (below breakout level to invalidate the setup).

Key Notes

Confluence of horizontal + trendline breakout strengthens bullish bias.

Monitor price action for retest confirmation; avoid chasing if momentum stalls.

Risk-Reward: ~1:5 (SL: 16 pts | Target: 157+ pts).
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Trade with discipline. Adjust SL to breakeven at 2350 if target 1 (2400) is hit. 🎯