Stock Radar: 17% down from highs! Why this consumption stock looks good on charts

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Short-term traders with a high-risk profile can look to buy the stock for a target of Rs 2,640-2,700 in the next 1-2 months, suggested experts.

Synopsis

HUL stock surged over 11% from its January 23 low of Rs 2,253 ahead of the Budget but remains over 17% below its all-time high of Rs 3,034 from September 2024. It closed at Rs 2,507 on February 1, 2025, reflecting a sharp decline. Experts suggest the Budget 2025 proposal for lower income tax rates could significantly boost consumption.

FMCG major Hindustan Unilever has fallen over 17% from the highs but has been gaining after showing signs of bottoming out above 2,200 in January 2025.Short-term traders with a high-risk profile can look to buy the stock for a target of Rs 2,640-2,700 in the next 1-2 months, suggested experts.HUL stock price rallied swiftly in the run-up to the Budget. The stock gained over 11% after making a low of 2,253 on January 23, 2025, in intraday

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