HUL Breaks Out of Rounding Cup Pattern – Targeting ₹2400

7월 5일

Technical Breakdown
HUL has successfully broken out of a rounding cup pattern, a classic bullish continuation setup that often precedes strong upward momentum. Here's what stands out:

Cup Formation: Smooth, rounded base formed over several sessions, indicating gradual accumulation.

Breakout Confirmation: Price surged past the neckline at ₹2325 with increased volume, confirming the breakout.

Consolidation: Post-breakout, the stock is consolidating just above the neckline—a healthy sign of base-building before the next leg up.

EMA Support: Price is comfortably trading above the 20, 50, and 100 EMAs, reinforcing bullish sentiment.

🎯 Target Projection
Using the height of the cup (approx. ₹75) and projecting it from the breakout point:

Breakout Point: ₹2325

Cup Depth: ₹75

Projected Target: ₹2400

Stop-Loss: ₹2290 (below consolidation zone)

This aligns with the classic cup breakout strategy, where the target equals the depth of the cup added to the breakout level.

🧠 Trading Insight
This setup is ideal for swing traders looking for a low-risk, high-reward opportunity. The consolidation post-breakout offers a potential re-entry zone before the next impulse move.

7월 7일

액티브 트레이드

Target achieved in 1 day ( 3% up )