Hindustan Unilever Ltd. (HINDUNILVR)

The chart of Hindustan Unilever Ltd. (HINDUNILVR) shows that the stock has been in an uptrend since May, but is currently in a corrective phase. It is now testing the 100-day Exponential Moving Average (EMA) around ₹2,765-₹2,790, which is acting as a critical support level. A potential bullish reversal is forming, signaling a buying opportunity if the price holds above this level. The RSI at 41.83 indicates the stock is slightly oversold but not yet in extreme territory, offering further encouragement for an entry. The stock is currently trading below the 20 and 50-day EMAs, suggesting short-term weakness, though the overall trend remains intact as long as it stays above the 100-day EMA. For a cautious entry, traders could buy near ₹2,765 with a stop loss around ₹2,715. Targets could be set at ₹2,850 and ₹3,000 for a conservative approach, with a more aggressive target near ₹3,150, aligning with the upper trendline of the price channel.