Hindustan Unilever: Time to Buy as Stock Reaches Key Support?

Hindustan Unilever Ltd, a big name in the fast-moving consumer goods (FMCG) field, is now nearing an important support level. This situation might lead to a bounce back in its stock prices after a big drop of 28% from its highest point.

Experts believe that short-term traders who are willing to take risks might want to consider buying the stock. If the momentum turns positive, the stock could rise to around Rs 2,400 in the coming weeks.

The stock reached a high of Rs 3,034 on September 23, 2024, but since then, it has struggled to maintain that level.