HUL- This elephant may dance

HUL was trading in a channel shown in chart for last 3 months. It recently showed a breakout from this channel. Current pattern shows retest of the channel. If this is successful, we may see HUL scaling new heights.

Recent budget announcements are in a way beneficial for FMCG sector.

You can keep it in watchlist. If it sustains above channel, investors can buy it with a stoploss at lower end of channel.


This is not a buy/sell recommendation.
This post is only for educational purpose.
Kindly consult your financial advisor before investing.
Use strict stoploss and money management rules.

Happy Trading!!