Hindustan Unilever (HUL) | Counter-Trend Bullish & Bearish Trend

Current Market Price (CMP): ₹2,176.85

Major Trend: Bearish As on 03.03.2025
🔴 The overall trend remains negative, but we have identified key levels for both a counter-trend bullish move and trend continuation.

Bearish Trend Continuation Setup
Short Position Setup (Continuing the Downtrend)

• Entry Zone: ₹2,199 - ₹2,245 (Bearish FVG Resistance)
  
• Confirmation Entry: ₹2,336 - ₹2,420 (Stronger Resistance)
  
• Target 1: ₹2,128 (Bullish FVG Support)
  
• Target 2: ₹2,051 (Deeper Support)
  
• Breakdown Target: ₹1,982 - ₹1,961 (Major Support)
  
• Stop Loss: Above ₹2,420 (Invalidation of Bearish Structure
  

Rationale:
Bearish FVG Resistance Zones indicate potential supply zones where sellers might step in.
The trend remains down, and failure at resistance could lead to further downside moves.

Bullish Counter-Trend Setup
Long Position Setup (Reversal Play)

• Entry Zone: ₹2,128 - ₹2,088 (Bullish FVG Support)
  
• Confirmation Entry: ₹2,051 (Stronger Support)
  
• Target 1: ₹2,199 - ₹2,245 (Bearish FVG Resistance)
  
• Target 2: ₹2,336 (Key Resistance Level)
  
• Invalidation: Below ₹1,961 (Breakdown Below Major Support)
  
• Rationale:
  

Bullish FVG Zones act as demand areas, where buyers may step in.
If price bounces from these levels, a short-term reversal move is possible towards resistance.

Technical Summary
Major Trend: ❌ BearishBullish FVG Support: 🟢 ₹2,128 - ₹2,051
Bearish FVG Resistance: 🔴 ₹2,199 - ₹2,420
Key Invalidation Level: ⚠ ₹1,961 (Breakdown Level)