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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SEBI Registration number is INZ000174330
