HindUnilever: I am studying 25 years chart of this stock to find unfolding of a great bullish trend. (Trading View provides chart from 2009 onwards). From 1997 to 2007 price consolidated in a narrow range. After 10 long years, a powerful breakout took the price to new heights till 2014. From 2014 to 2017 price again consolidated and then broke out once more.
Observations:
a) Negative cross of 50 DMA and 200 DMA could not cause serious harms. Rather bulls availed golden chances.
b) Positive cross of 50 DMA and 200 DMA always created great investment opportunities.
c) In January 2018 a negative divergence gave a correction to price but trend remained intact.
d) On 9th March 2018 a positive divergence heralded the end of this medium term correction.
If market favors, price can reach previous high at 1405, which is the immediate resistance.
Observations:
a) Negative cross of 50 DMA and 200 DMA could not cause serious harms. Rather bulls availed golden chances.
b) Positive cross of 50 DMA and 200 DMA always created great investment opportunities.
c) In January 2018 a negative divergence gave a correction to price but trend remained intact.
d) On 9th March 2018 a positive divergence heralded the end of this medium term correction.
If market favors, price can reach previous high at 1405, which is the immediate resistance.