October 19, 2015
Hind Unilever (NSE Cash)
` 765
` 793 - 788
` 842
14 - 21 sessions
Weekly Chart
Source: Falcon (Chart Time:
13:00 IST)
The stock is moving in a corrective phase from last few months. But, the ongoing corrective phase seems ended
as the stock is hovering around its strong support of a ‘Rising Trend line’ in the weekly chart, which coincides
with the ‘Weekly 89 EMA’. The stock has also formed a ‘Bullish AB=CD’ pattern in the weekly chart, whose
potential reversal zone is placed at ` 771 levels. The ‘RSI’ oscillator has given a series of positive divergences
in the daily chart, indicating reversal on cards. Looking at the strong support zone in the weekly chart, we are
expecting a healthy bounce in the stock. Thus, we advise traders to buy this stock at current levels and on
declines to ` 788 for a target of ` 842 in coming 14 to 21 trading sessions. The stop loss for this trade set up
can be kept at ` 765.
October 19, 2015
Last 5 recommendations
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Source: Angel Research
Research Team Tel: 022 - 30940000(Extn: 6552) Website: www.angelbroking.com Email: [email protected]
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