HUL - Resistance Play
I have already once shared a bearish sentiment on HUL but last week it went up..
But the 200EMA could act like a major resistance for now considering raw material prices are up.
Short at current price with stoploss above 2290. Can even double down the short below 2110 (then shift stoploss to 2210.
There would be a breakdown below 2110.
But the 200EMA could act like a major resistance for now considering raw material prices are up.
Short at current price with stoploss above 2290. Can even double down the short below 2110 (then shift stoploss to 2210.
There would be a breakdown below 2110.
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