HINDUNILVR is in a short term
uptrend and trying to break out second time after February 2014. But this time
it is different for two reasons. First it is trying to break. Second, the low
made in March, 2014 is a bit higher than low made in January, 2014. So in this
way it has
made a higher bottom. Even though this long initiation may not give us
a great return but this is a risk which is worth taking. One can initiate a long
position in this stock between 574 and 567 for the targets of 581 and 588. A strict
Stop Loss can be maintained at 561.
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