Stock Name : Hindustan Unilever Limited
Action : Short Sell
Stop Loss : Above 2250
Target : 1841 – 1534 – 1234
Duration : 03 to 05 months
Analysis Date : 24 Feb 2019
Hindustan Unilever Limited (HUL) is an Indian consumer goods company
based in Mumbai, Maharashtra. It is a subsidiary of Unilever, a
British-Dutch company. HUL’s products include foods, beverages,
cleaning agents, personal care products and water purifiers.
The current rate of Hindustan Unilever Limited is 1768.55, which is 52
weeks high at 1869.50 on December 17, 2018 and March 16, 2018 at 52
weeks at the lowest 1281.10 as of Feb 24, 2019. Market cap of this stock
is Rs 382,829 crore.
On an annual basis, this stock has gained approximately 32% and the
It is currently following support and resistance trend lines, both are
moving upward. If break resistance trend line price Rs 2250 then it will
showing approximate 20-30% up side instead good down side.
The fluctuation of the Hindustan Unilever shown on the chart, let’s see
– The stock is still following a modest trend line, so it will touch
2033, then try to break the slight trend line, the target will be 1841-1534
– If the stock closed above resistance trend line price 2250 then there
is a chance to go up the side
Most probably quality down side from 2033-2250.
Resistance levels are:
1785 1821 1897 1969
Support levels are:
1722 1646 1612 1574
Upcoming levels & scenario will update
Stock market is subject to market risk.
This analysis is education purpose only.
Its opinion, buy-sell it’s your choice.