NSE:HINDUNILVR   HINDUSTAN UNILEVER
HindUNILvr appears to have completed an Impulse and a three wave correction.
It is now likely heading to 1280 levels. This is a long term Multiweek Projection.
It is very unikely we will see any upside on HINDUNILVR in the next few days and weeks

Comments

Though it is at resistance level on weekly chart and may correct to 1600-1500 level, I do not think it will cross its recent low around 1470 on weekly closing. FMCG sector is likely to outperform in next few months and HUL is likely outperform within FMCG sector(based on RS(relative strength) indicator. Also price just reversed form 200DMA zone as well as 61/8% retracement of previous upmove.
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