HINDUSTAN UNILEVER LTD.
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HUL is approaching a strong support zone

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HUL is approaching a strong support zone. Stock has multiple times respected the support zone. Stock trading in a range since June, 22. Expecting a bounce back in the stock. However is stock fails to hold the support, we may see major downside and bearish mood in the stock. I will look for support confirmation. I would also avoid shorting, as the overall market is bullish and would not want to go against the broader trend.

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