1 week ago

Technical outlook for HUL, HPCL and two industrial stocks

The article gives chart-based advice about four companies.

HUL has been weakening, so the advice is to sell rather than wait for a possible further fall.

HPCL also looks weak soon and may decline toward ₹270, although it could recover over a longer period.

Craftsman Automation is moving upward, so investors are advised to keep holding it while protecting their gains.

Jupiter Wagons is moving downward, so the advice is to stay out for now.

These views come from studying recent price movements on charts.

Support levels are prices where a stock may stop falling.

Resistance levels are prices where a stock may struggle to rise.

The recommendations could change if the stocks move beyond the stated levels.

Key facts

Hindustan Unilever Limited: Quoted at ₹2,017; resistance is identified at ₹2,200-₹2,300, with possible downside to ₹1,800 and ₹1,650.
Hindustan Petroleum Corporation Limited: Quoted at ₹363.15; possible downside targets are ₹300 and ₹270, while ₹520 is identified as a longer-term potential target.
Craftsman Automation: Quoted at ₹10,687; resistances are identified at ₹11,800 and ₹12,500.
Craftsman Automation stop-loss: The suggested initial stop-loss is ₹9,320, rising to ₹9,975 if the price reaches ₹11,600.
Jupiter Wagons: Quoted at ₹247; ₹225 is a likely test, while a break below it could lead toward ₹150.
Jupiter Wagons resistance: Resistance is clustered around ₹260-₹290; a rise above ₹350 would be needed to signal a bullish trend reversal.

thehindubusinessline.com · 1 week ago