HINDUNILEVER




Following observations can be made:

1. Breakout from triangle at 10:20 so taking an entry with 110 qty at the price 2305.45

2. Also, price is below the previous day's low, so there could be potential downtrend.

3. Stop loss is just few points above the black line inside the triangle i.e. 2360.45

4. Target is 2nd support line since the breakout happened before 12:30 i.e. 2255.25


Update at 10:55 



There is strong resistance at 2319.90 so changing the stop loss to 2324.10


Update at 12:00



1. Stop loss hit at 2324.10 so made an exit

2. It is sure signal of reversal of trend so there is no point in holding the position with the expectation that the price will come down again.

3. Loss - (2324.10 - 2305.45 ) * 110 = (2051.50)