ameygazinkar

Big breakout in Hindustan Unilever(HUL)

Long
NSE:HINDUNILVR   HINDUSTAN UNILEVER
HINDUNILVR was in ascending triangle pattern since April 2020 and today it has given a breakout of the range with very heavy volumes.
Very good stock with strong fundamentals and has always been in uptrend. FMCG sector is the best defensive sector that one can buy when market is in correction.
One can easily expect 5-10% returns in short term as the closing is above 2600 which is another positive sign for the stock. It might even try to retest the breakout levels of 2540-2550.
Comment: 3% up already.
It will soon retest 2580-2600 levels

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