Stock of the day : Buy Hindustan Unilever Ltd 2700 CE For Target Rs.95 - Religare Broking
Hindustan Unilever Ltd
* We are seeing noticeable buying across the FMCG basket and Hindunilvr has also recovered strongly in last two months.
* Trading on a verge of breakout from a major consolidation range i.e. 2380-2700, after eight months.
* The last four weeks of pause around the upper band has result in formation of fresh buying pivot.
* We thus advise creating fresh longs in the mentioned zone.
Buy Hindustan Unilever Ltd 2700 CE CMP 69.40; Range 66-69; SL 54; Target 95
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