HUL: Bullish Setup Near Order Block!

195
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

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.