Hinduniliver seems bottoming, relief rally may start soon!

Mar 29, 2022

HUL is falling from the levels of 2800 almost non stop. The stock has given up close to 30% of its entire value, which is significant for such a quality large cap. It seems the correction may be coming to an end, and the stock should see at least a relief rally in the coming weeks. As long as 1850-1900 kind of levels are intact, it should gradually move towards 2300. This is a positional call and should be traded only in cash with proper position sizing and risk management. Once a reversal is confirmed and the stock picks momentum one can look to use derivative instruments to cash out some leveraged gains. If it starts trading below 1800 we may consider an exit.