HINDUNILVR trade ideas
Hindustan Unilever HUL is trading well above its resistance zone of 2200-2207, got rejected from these levels multiple times. Breaking resistance with above average volumes as well as made cup n handle pattern on smaller time frame.
Buy with mentioned stoploss & mammoth target of 2500 in 2-3 trading sessions.
HUL - Short term short playWith availability of oil to keep becoming tight expect FMCG players to start facing headwinds. They already faced problems with rising raw material prices and not easy to pass on the price rises.
Expect short term breakdowns/momentum on the downside. Stock could break the short term support level.
Short below 2110 with a stoploss of 2150.
HUL's love hate relationship with oilHUL maintains rally with oil prices, but only to a limit, after which its pricing power and brand power in terms of passing on costs crashes.
However, historically it has always recovered from super lows. At 1866 is a super buying opportunity. Buy 10% at current levels, and keep buying in tranches till the bottom out at 1866.
Set your GTTs for a upside recovery of 20%