HINDUNILVR trade ideas
Hindunilvr - LongHindunilvr CMP - 2256.15
Looking bullish and range breakout in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Buy At or Above 2257 / Stop Loss 2244
Target 1 - 2267
Target 2 - 2277
Target 3 - 2288 / 2300
Disclaimer: This is my view and for educational purpose only.
HUL Bullish CMP 2185HUL- CMP 2184. 20EMA crossed 50EMA just recently and it gained bullish momentum. MACD crossover done on last trading session it entered positive territory which is positive. RSI also crossed resistance zone and shall go up. Can be taken with SL of 2115 for a target of 2220, 2328, 2388, 2495. General momentum presently in FMCG sector also will be another factor for taking longs in the counter. For educational purpose only can take experts opinion before investment.
Is HUL gonna give next breakout? Here is the past trend and breakout of India's evergreen FMCG Hindustan Unilever. If we compare year on year financials it shows almost 15-20% growth in revenues as well in Net profits. But it's still hanging around below expected levels as compare to growth card and potential surge in market demands after pandemic.
Maybe it's time for banking and other industries. But it looks like by end of 3rd quarter HUL surely gonna cross resistance shown in chart.