Stock of the day : Buy Hindustan Unilever Ltd For Target Rs. 2700- Religare Broking
HINDUNILVR
* The FMCG index is showing tremendous resilience in the recent fall and HINDUNILVR is trading in line with the trend.
* Formed a strong base around long term moving average i.e. 200 EMA on daily chart and seeing a gradual recovery.
* The current chart pattern along with confirmation indicators are pointing towards a gradual up move to continue.
* We thus suggest initiating fresh longs as per the below levels.
Technical Chart : Daily
Buy Hindustan Unilever Ltd CMP: 2630.05 Range: 2610-2620 SL: 2575 Target: 2700
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