HUL: Bullish Setup Near Order Block!

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Order Block at Support:
  1. The price is trading within a marked order block zone (₹2,260–₹2,326), which historically acted as a strong demand area.
  2. This zone aligns with the upward-sloping green trendline, reinforcing support strength.


Bullish Falling Wedge: (Similar to 3 Drive Pattern)
  • A falling wedge pattern is visible, typically signaling a potential bullish breakout.
  • The price is currently testing the upper trendline of the wedge.


RSI Trendline Support:
  • RSI shows a bullish divergence with higher lows while the price forms lower lows.
  • RSI trendline is intact, indicating strengthening bullish momentum.


Confirmation Checklist:
  1. Ensure a breakout above ₹2,387 with strong volume.
  2. Monitor RSI to stay above 50 for continued bullish momentum.
  3. Look for bullish pattern in minor timeframe for perfect entry and Stop Loss

Haftungsausschluss

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