Stock Picks : Hindustan Unilever Ltd and DLF Ltd By ICICI Direct
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Hindustan Unilever (HINLEV)–
Buy Hindustan Unilever Ltd CMP 2516.15; Initiation Range 2504-2508; Target 2536.00; Stop Loss 2487.00
Rationale Price taking support at the 200 days EMA and the 80% retracement of previous major up move (2428-2741) signaling pullback expected in coming sessions
Daily candlestick chart
DLF Limited (DLFLIM)
Sell DLF Ltd CMP 357.50; Initiation Range 356-357; Target 351.70; Stop Loss 359.20
Rationale Price reacting lower from the upper band of the falling channel and 200 days EMA signalling corrective bias in the coming sessions
Daily candlestick chart
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