AbhijitMukherjee
Long

BUY HUL CMP:1106 TGT 1120 SL:1098 (INTRADAY 8/6/17)

BSE:HINDUNILVR   HINDUSTAN UNILEVER LTD.
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25th April onwards HUL has been moving in a sharp, yet consistent rally. Every few sessions it has formed Marubuzos with decent volumes implying that the stock has nothing to pull it back, atleast not temporarily. Last session, it opened and closed above previous high which is positive for the trend. Heiken Ashi candles suggest continuation. Keep a stop at about 1098 and target levels closer to 1120.
Trade closed manually: Exiting at levels close to 1115. Getting unlikely to be breached
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