Hindustan Unilever Limited

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Hindustan Unilever Limited (HUL) is a British-Dutch manufacturing company headquartered in Mumbai, India. Its products include foods, beverages, cleaning agents, personal care products, water purifiers and consumer goods. HUL was established in 1933 as Lever Brothers and following merger of constituent groups in 1956 was renamed as Hindustan Lever Limited. The company was renamed in June 2007 as "Hindustan Unilever Limited". HUL is the market leader in Indian consumer products with presence in over 20 consumer categories such as soaps, tea, detergents and shampoos amongst others with over 700 million Indian consumers using its products.

 HUL MARKET SHARE





Some of the most important things I've observed in this stock:

  • Stock is at All Time High.
  • Breakout above resistance zone will propel a rally in the stock.
  • Stock is currently in accumulation stage.
  • Price is currently 23% up from 52 week low.
  • Price is above 50-100-200 DMA.
  • Weekly price is also above 50 WMA.
  • MACD & RSI in bullish zone on weekly timeframe.
  • Stock has generated 12% returns in 1 year.
  • Delivery volume is indicating institutions are accumulating this stock.
  • Price build-up likely to happen near resistance zone before breakout.
  • HUL is good for long term.
  • Long thesis is valid till stock stays above 1656.


HUL DELIVERY VOLUME




Positional  Traders can use the below mentioned levels for entry, stop loss and target.

 Go long when price close above 1886

 Stop loss can be placed at 1825

 Profit can be booked at 2085

 Stop-loss levels are given so that market will tell us, when we are wrong on the trade. Stop-loss is an essential risk control tool; it should always be there.

 Book, at least, part profits when the price reach the targets; then hold on to the remaining positions with trailing stop loss to lock in your open profits.

Disclaimer:- Above observation is only for education purpose. Do your own research before buying this stock.

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