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.[3] 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 
Sensex 6%

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


Note:
Stock market is subject to market risk.
This analysis is education purpose only.
Its opinion, buy-sell it’s your choice.