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.
SHORT TERM PERSPECTIVE
|Recommendation||Accumulate(Rs 2180 – Rs 2200)|
|Stop Loss (SL)||Rs 2120|
|Target Price||Rs 2300 – Rs 2350|
|Time Horizon||2-4 Weeks|
Intermediate and short term trend is up in this stock. After a sharp up move, the stock has had a moil correction and started its upwards journey once again. The stock is continuously making a higher top and higher bottom formation on the daily chart which is bullish in nature. The stock has respected its trend line on all dips and has reversed from the same. Increase in volume and positive diversion from oscillator indicate that stock can move higher from current levels so one can accumulate the stock between 2180-2200 With a stop loss of Rs. 2120 on closing basis for the target price of Rs 2300-2350. Time frame should be 2-4 weeks.
DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014
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