Hindustan Unilever Ltd. is well diversified conglomerate in India its major selling product includes FMCG products. The stock of this company was listed on 6 July 1995, the stock performance is not that attractive but the stock at CMP is really valuable. Daily chart of Hindustan Uniliver stock suggest that there will be some sort of range bound movements. We will not recommend any trading view in this stock, but we advice long term investors to invest in this stock at current levels of 305 and wait for long term target as 350 and 380 level, the movement in this stock is not very much as it defensive stock in the market. The stocks like HINDUNILVR has fallen about 15% at the time of recession when the other stocks in the market has corrected about 90%. So having the stocks like HINDUNILVR in the portfolio can be like a protection at the time of bad events in the markets. Our advice is to place the stop loss at 288 zone. Technical indicators suggest the mixed kind of movement in the HINDUNILVR stock.
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
Leave a Reply