Hindustan UniLever, here you Go!
HUL is the market leader in FMCG sector, completely debt free and is known to provide good returns on equity. Despite the current pandemic, it is able to maintain it's operating margins significantly.
HUL is giving a very strong signal for an upcoming trend reversal. It can move either ways forming a descending pattern. Crossovers suggest that its been selling weak lately and likely to move up. Also, it's trading at 50% retracement level. The chances are more likely that it would go up since the company is fundamentally strong. As a recommendation, I would suggest it's better to wait for a strong breakout which is technically on cards and can happen real soon.
HUL is giving a very strong signal for an upcoming trend reversal. It can move either ways forming a descending pattern. Crossovers suggest that its been selling weak lately and likely to move up. Also, it's trading at 50% retracement level. The chances are more likely that it would go up since the company is fundamentally strong. As a recommendation, I would suggest it's better to wait for a strong breakout which is technically on cards and can happen real soon.
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