06-02-2024 11:24 AM | Source: Religare Broking Ltd
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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