Hindustan Unilever Limited is engaged in fast-moving consumer goods business comprising home and personal care, foods and refreshments. The Company’s segments are Soaps and Detergents, which includes soaps, detergent bars, detergent powders, detergent liquids and scourers; Personal Products, which includes products in categories of oral care, skin care hair care etc. Its brands include Lux, Surf excel, Rin, Wheel, Fair & Lovely, Pond’s, Vaseline, Lakme, Dove, Clinic Plus, Sunsilk, Axe, Brooke Bond, Bru, Knorr, Kissan, Kwality Wall’s and Pureit.

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SHORT TERM PERSPECTIVE

Company Hindustan Unilever Ltd.
Recommendation Accumulate (Rs.2035 – 2040)
CMP Rs.2060.30
Stop Loss (SL) Rs.1980
Target Price Rs.2150 – 2180
Time Horizon 2-4 Weeks

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Intermediate and long term trend is up in this stock, after a mild correction stock has developed short term base near 200 day EMA and formed higher top higher bottom formation which is a bullish pattern in nature. Stock is trying to reverse from 200 EMA which has been acted as a major support in previous days on daily chart. Technically stock is trading with bullish channel. A bullish RSI and MACD buy signal has emerged on the Daily chart. Increasing in volume and positive diversion from oscillator indicate that stock can move higher from current level so one can initiate accumulation between Rs. 2035 – Rs. 2040 with a stop loss of Rs. 1980 on (closing basis) for the  target price of Rs.2150 – Rs. 2180. Time frame should be 2-4 weeks.


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