Target: Rs . 2200.
Hindustan Unilever has seen about 10 months of consolidation followed by a . A close above the flag could mean a possibility of higher levels to come. The target will be the distance between the base and top of the flag pole (approx. Rs . 200).
Support is seen at Rs . 1920.
While supply is being seen around 2145 levels, stock is still making higher highs and higher lows indicating that the uptrend is intact.
There is a possibility of some consolidation. We will have to wait and watch for confirmation.
CMP is 2175. It is very close to the initial target of 2200. Watch out for price action.
Stop Loss should now be trailed up to 2115.
Exhaustion appears to be continuing.