The FMCG stock hit a 52-week high of Rs 883 on 26 July, but failed to hold on to the momentum. It has been consolidating in a narrow range of 50 points since then. It has found resistance around the record high levels of Rs 883 while on the downside it found support above Rs 880 on the weekly charts since June 2023.
Rally in the stock price of Hindustan Unilever may not be over yet, suggest market analysts. It is trading above most of the short- and long-term moving averages. Daily RSI is placed at 67.7. MACD is above its center and signal line — a bullish indicator.