Stock of the day : Hindustan Unilever Ltd For Target Rs.64 - Religare Broking
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Hindustan Unilever Ltd
* HINDUSTAN UNILEVER Ltd has remained under pressure after failing to surpass the upper end of the contracting price pattern.
* It has witnessed a breakdown from the contracting 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 Hindunilvr Ltd CMP 39.05; Range 38-40; SL 23; Target 64
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SEBI Registration number is INZ000174330
