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Stock of the day : Hindustan Unilever Limited For Target Rs. 65 - Religare Broking
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Hindustan Unilever Limited
* HINDUNILVR has remained under pressure after failing to surpass the upper end of the expanding price pattern.
* It has witnessed a breakdown from the expanding pattern with noticeable volumes.
* The recent pullback found the resistance near its short term moving average and neckline of the pattern indicates bearish tone to continue.
* We thus recommend creating shorts through the Put option.
BUY Hindustan Unilever Limited CMP 34.20; Range 33-35; SL 20; Target 65
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SEBI Registration number is INZ000174330
