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Here are the top trading ideas by Vaishali Parekh of Prabhudas Lilladher

The RSI indicator has indicated a trend reversal near the oversold zone to signal a buy in Hindustan Unilever (HUL) stock

Topics
Stock calls | Market technicals | Markets

Vaishali Parekh  |  Mumbai 

The stock of United Spirits has recently given a decent correction from the peak of 661
The stock of United Spirits has recently given a decent correction from the peak of 661

BUY HIND UNILEVER | CMP: Rs 2,269.50 | Target: Rs 2,450-2,480 | Stop Loss: Rs 2,170

The stock has corrected well from the peak made near 2,445 and has shown signs of bottoming out near 2,220 level with a momentum pick up expected going-forward. The RSI has also indicated a trend reversal near the oversold zone to signal a buy and is well placed for an upward move. We suggest to buy and accumulate this stock for an upside target of 2,420-2,450, keeping the stop loss of 2,170.

BUY | CMP: Rs 580.70 | Target: Rs 650-670 | Stop Loss: Rs 550

The stock has recently given a decent correction from the peak of 661 and has taken support near the 200-DMA level of 568 and also has the trend-line support base.

The RSI indicator is also well placed and has indicated a trend reversal to signal a buy. With the chart looking attractive, we suggest to buy and accumulate this stock for the target of 650-670, keeping the stop loss of 550. ==============================

Disclaimer: The author is a technical analyst with Prabhudas Lilladher. She may have positions in one or more stocks mentioned above. Views are personal.

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First Published: Mon, February 08 2021. 07:14 IST
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