Indieconomic

Multiple Support: Trendline Support + Fib Level +EMA

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NSE:HINDUNILVR   HINDUSTAN UNILEVER
The stock corrected 20% from ATH and price at key level (weekly time frame):

- EMA 50 : in past stock has reversed multiple time FROM MOVERAGE AVERAGE and currently at same level.

- Fib .0618 : will be key level, if support break then expect a 10-15% further correction.

- Trendline Support : Upward trending stock, in past we have seen the reversal from base support.

The fundamental very good stock and accumulate at every dip.

Thanks

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