Hindustan Unilever Limited is an India-based consumer goods company. With over 35 brands spanning 20 distinct categories such as soaps, detergents, shampoos, skin care, toothpastes, deodorants, cosmetics, tea, coffee, packaged foods, ice cream, and water purifiers, the Company is a part of the everyday life of millions of consumers across India. Its portfolio includes leading household brands such as Lux, Lifebuoy, Surf Excel, Rin, Wheel, Fair & Lovely, Pond’s, Vaseline, Lakmé, Dove, Clinic Plus, Sunsilk, Pepsodent, Closeup, Axe, Brooke Bond, Bru, Knorr, Kissan, Kwality Wall’s and Pureit.
|Recommendation||Accumulate (Rs 2390 – Rs 2400)|
|Stop Loss (SL)||Rs 2315|
|Target Price||Rs 2480 – Rs 2600|
|Time Horizon||2-4 Weeks|
Long term trend is up in this stock. The stock has continuously been making a higher top and higher bottom formation on the daily chart which is bullish in nature. After a moil correction prices have taken support and reversed from the prior breakout region. Increase in volume and positive diversion from oscillator indicate that it can move higher from current levels so one can accumulate the stock between (Rs 2390-2400) With a stop loss of Rs. 2315 on closing basis and respected target seems Rs 2480-2600. Time frame should be 2-4 weeks.
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