Osho Krishan of Anand Rathi is bullish on HUL, PowerGrid; here's why

PowerGrid has witnessed a breakout and is placed at its lifetime high zone, indicating inherent strength in the counter

BUY HINDUSTAN UNILEVER | TARGET: Rs 2,500 | STOP LOSS: Rs 2,300

Hindustan Unilever 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 for the stock. 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. In addition, the counter has declared a dividend of Rs 17 for which the ex-date is June 14 and this could trigger further demand