HUL losing 5% in 2 session. What next?

Hindustan Unilever has lost 5% in only 2 trading session, taking stock around 2500 figure.

The stock on the daily time frame has broken the 20 DMA and closed just near the support level of 2500.

The support has been tested 4 times and if the support line is broken the stock can plummet to 2450 levels.

Even on the weekly chart analysis, the stock is trading under 20 ema.

3 Point confirmation

1. Close below the 20 DMA (on daily chart).
2. High volume break down.
3. Bearish moving average cross over (on hourly charts).

The stock can be prefered for a sell trade once it start trading below the 2500 level.

Target :- 2450 (200 DMA), 2415
Stop loss :- 2525

Stock option for the next month expiry can be traded in the stock.

Wait for the levels to break down and watch for a price action near the levels before entering the trade.