Stock of the day : Hindustan Unilever Ltd For Target Rs.2635

10-10-2023 10:15 AM | Source: Religare Broking Ltd

Stock of the day : Hindustan Unilever Ltd For Target Rs.2635 - Religare Broking Ltd

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Hindustan Unilever Ltd

* Rebounded from the lower end of the multi week consolidation range i.e. 2450- 2750.

* It has given a breakout from intermediate resistance trendline and reclaimed 20 DEMA.

* RSI shows range shift to elevated levels and trading above neutral levels i.e. 50 levels.

* We thus recommend initiating fresh longs in the mentioned range.

Buy Hindustan Unilever Ltd CMP 2511.30; Range 2510-2515; SL 2450; Target 2635

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Stock of the day : Hindustan Unilever Ltd For Target Rs.2635 - Religare Broking Ltd

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