Hindustan Unilever : Swing Trade plan

HUL is finally bouncing off the demand zone it has been maintaining from July of last year.

Basically, HUL has been in the range between 2440-65 and 2725-60.

After accumulating for around 10 days at the lower level of the range, yesterday (4th oct), HUL printed a strong Bullish candle closing above this accumulation range.

I am planning a long-swing trade on HUL.
Entry price : 2511
SL : 2439
Target: 2715
Holding period: 2-3 weeks. Max 20 days.

I will book 75% of my position at TP level. And will look if get breakout of the range at the upper level.

Give this post a like, if you agree with this analysis.

Disclaimer: This is my trading plan and i am just sharing it here. I do not intend to post it here as a trading advice or suggestion. It is shared here only for the sole purpose of sharing and discussing with fellow traders. Do your own due diligence and trade responsibly.