February 23, 2017
HUL (NSE Cash)
BUY
` 836
` 861 - 867
` 920
14 - 21 sessions
Daily Chart
Source: Falcon (Time: 09:30 IST)
Justification:
Post an upmove from the low of `782 to `876, the prices were consolidating in a narrow range since last one month. As
seen in the exhibit, prices have given breakout from the range in today’s trading session. The ‘RSI’ oscillator on the daily
as well as weekly chart is showing positive momentum. Also, considering the positive placement of a set of moving
averages (E5, E20 and E89) on the daily chart, we are expecting upmove in the counter in near term. Thus, we advise
traders buy this stock at current levels to a decline up to `861 for a target of `920 over the next 14 to 21 sessions.
The stop loss should be fixed at `836.
Ruchit Jain
022-3935 7600 Extn: 6554
[email protected]
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February 23, 2017
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Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552)
Website: www.angelbroking.com
Email: [email protected]
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