 "The stock of HUL indicates a positive trend reversal on technical charts")
BUY NOCIL | CMP: Rs 149 | TARGET: Rs 168-175 | STOP LOSS: Rs 135
The stock has been steadily in the rising trend with recently taking support near 140 levels and is indicating a momentum pickup to reverse the trend. Technically, the stock is well placed and we anticipate further upside move from here on to expect a target of 168-175 levels. The RSI also has indicated a trend reversal, signaling a buy making the bias positive. We suggest to buy and accumulate this stock for an upside target of Rs 168-175, keeping the stop loss of Rs 135.
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