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.

HINDUNILVR-graph

Company HINDUNILVR
Recommendation Accumulate (Rs 2390 – Rs 2400)
CMP Rs 2409.35
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.

DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014

Elite Wealth Ltd. does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more


For Daily Share Market Updates, Daily debt market review, Market Research Analysis reports, Weekly Techno-Funda Report, Fundamental Analysis Report, Monthly Recommended stock Picks, Equity Trading Tips, Upcoming IPO/NFO/Bonds/Ncd’s updates & other related information Subscribe Stock Research Recommendations