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The stock of Hindustan Unilever (HUL) is hovering near 21 DEMA

BUY HINDUSTAN UNILEVER LTD | TARGET: 2500 | STOP LOSS: 2300

HINDUNILVR is placed in an upward trending channel on the weekly time frame in which it is currently placed near the lower line, historically this has acted as a strong support base. Also on the daily time frame, the stock is hovering near 21 DEMA and is in the cycle of higher highs higher bottoms on a wider time frame, and is placed above the mean of the Bollinger band (20, 2) affirming the bullish stance in the counter.

BUY NAM-INDIA | TARGET: 405 | STOP LOSS: 370

The primary trend of