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Hindustan Unilever ltd

BSE: 500696 | NSE: HINDUNILVR | ISIN: INE030A01027 | SECTOR: PERSONAL CARE

Accumulate @CMP 561 With Target of 750-800 & 525 Will Stop loss for trade.


Analysis:- Hindustan Unilever given sharp down fall from the all time high of 725 levels. We see prices have taken strong trend line support at previous immediate top of 561 levels (@161.8% Retracement level). We see Hind Unilever price pattern showing strong bullish rally to upside targets. We are expecting Hind Unilever will show positive reversal from the trend line support level, On weekly basis prices will show good bullish rally and one we can see new immediate top such as 750 �" 800 targets.
    On weekly basis prices are moving above 55 weeks moving average, we see the negative trend is almost over and we can see new positive rally in upcoming months.  

We advice to accumulate Hindustan Unilever at current market price of 561.50 with targets of 750-800 and 525 will be a stop for this trade.

RSI: The RSI Indicator is making lower tops & Lower bottoms, as per the previous analysis RSI has turn positive from 40-50 levels.


{26.05.20014}


Hindustan Unilever (Weekly Chart)



























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