Hindustan Unilever, KPIT Tech & GMDC shares: 3 stocks to buy from LKP Securities
An analyst from LKP Securities said that HUL has recently reversed from several key points on the daily chart and it found support just above the 100-day EMA before the recent rally.
- Oct 14, 2024,
- Updated Oct 14, 2024 7:50 AM IST
Amid the rising volatility in the Indian stock markets in the last few sessions, Rupak De, Senior Technical Analyst at LKP Securities, a domestic brokerage firm has shared three stocks- Gujarat Mineral Development Corporation Ltd (GMDC), KPIT Technologies Ltd and Hindustan Unilever Ltd (HUL) - from a trading point of view. The analyst has suggested to long all the three counters. Here's what the analyst has to say about these counters:
HUL has recently reversed from several key points on the daily chart. Additionally, it found support just above the 100-day EMA before the recent rally. A strong hidden bullish divergence is visible on the daily timeframe. With this technical setup, we can infer a positive outlook, potentially reaching Rs 3, 050 in the short to medium term. Support is placed at Rs 2,664 on a closing basis, and a break below this level would signal weakness
Amid the rising volatility in the Indian stock markets in the last few sessions, Rupak De, Senior Technical Analyst at LKP Securities, a domestic brokerage firm has shared three stocks- Gujarat Mineral Development Corporation Ltd (GMDC), KPIT Technologies Ltd and Hindustan Unilever Ltd (HUL) - from a trading point of view. The analyst has suggested to long all the three counters. Here's what the analyst has to say about these counters:
HUL has recently reversed from several key points on the daily chart. Additionally, it found support just above the 100-day EMA before the recent rally. A strong hidden bullish divergence is visible on the daily timeframe. With this technical setup, we can infer a positive outlook, potentially reaching Rs 3, 050 in the short to medium term. Support is placed at Rs 2,664 on a closing basis, and a break below this level would signal weakness