Trade Idea of The Day - Hindustan Unilever Ltd Target Rs.164

2026-02-20 11:48:06 am | Source: Religare Broking Ltd

Trade Idea of The Day - Hindustan Unilever Ltd Target Rs.164 - Religare Broking Ltd

News By Tags | #HindustanUnileverLtd #ConsumerGoodsSector #TradingReport #ReligareBrokingLtd

Hindustan Unilever Ltd

BUY 24 FEB 2280 PE Hindustan Unilever Ltd Entry Range 16-20 Target Range 42 Stop Loss 8

Rationale

* HINDUNILVR remains under sustained selling pressure, with recent rebounds failing to hold, and has broken down after consolidating near its key moving average cluster-reinforcing the prevailing bearish trend.

* The formation of a bearish flag pattern signals potential trend continuation, suggesting further downside in the near term.

* In the derivatives segment, unwinding at the 2300 put strike along with fresh call additions at higher strikes indicates a negative bias and expectations of continued pressure.

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Trade Idea of The Day - Hindustan Unilever Ltd Target Rs.164 - Religare Broking Ltd

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