The recent pandemic and the lockdown that followed has pushed many people to near bankruptcy. With this in mind, the stock that comes to the mind is the essential services and commodities. Consumers will buy those things that are low ticket consumption and used for everyday use. One such evergreen stock is Hindustan Unilever.
After making a recent high during peak lockdown, it has come down to 1954-2100 levels for a consolidation. During this time the health drinks (Boost, Horlicks )have been merged with HUL from GSK.
You can read all about in it here => gsk-horlicks-to-sell-hul-shares-worth-rs-26000-crore
The price during this share sale was down to 1900 and then went into consolidation which formed a triangle as shown in the figure.
The breakout happens from 1980 levels. The Upward movement continued and this is confirmed by its 5% rise after that.
Which leads me to think there buying at 2040-2060 is a good place to buy with a view that 1960 level is held.

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