Indian stock alert

INDIA

Afternoon Alert: Hindustan Unilever decreases 1.6%, leads CNX FMCG index lower 18 October 2017 12:58 IST

NEWS BITES - BRIC

Hindustan Unilever Limited (NSE:HINDUNILVR) has decreased 1.6% to trade at Rs1,261.50 vs. the CNX FMCG index which weakened 70.7 points (or 0.3%) to 25,550.2. Representing a weighting of about 26.7% of the index, the stock accounted for the loss. Trading volume was 60% of average so far today.

Current indications of bearish signals that support the trend in the unusual trading:

+ The price decreased 1.4% in the last month.

Note

Bullish Signals:

The positive 12.7 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 2.1% discount to 12-month high of Rs1,288.65 against the 62.8% premium to 12-month low of Rs774.99 suggests the stock continues to push for new highs.

In the last three months the stock has hit a new 52-week high thirteen times, pointing to a significant uptrend.

The present value of Rs1,000 invested one year ago is Rs1,526 [vs Rs1,160 for the BSE SENSEX Index].

Hindustan Unilever Limited (NSE:HINDUNILVR; BSE:HINDUNILVR; NS:HINDUNILVR; IN:HINDUNILVR)

ISIN: INE030A01027

PermID: 5000932150

Source: www.BuySellSignals.com