Stock of the day: Buy Hindustan Unilever Ltd 2700 CE For Target Rs.34 By Religare Broking
Hindustan Unilever Ltd
* The FMCG index is finding support around medium term moving average i.e. 100 EMA and HINDUNILVR is trading in sync with the move.
* It has been trading in broadening formation for the last five months and inching toward the upper band of the same now.
* The chart pattern combined with the existence of a support zone of multiple moving averages is adding to positivity.
* We thus suggest initiating fresh longs through the Call option.
Buy Hindustan Unilever Ltd 2700 CE CMP: 19.80 Range: 15-17 SL: 7 Target: 34
Technical Chart : Daily
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