What is the outlook for Hindustan Lever?
Hindustan Lever (Rs 169): After a sharp rise, the stock has been in a corrective phase in the past few weeks. The long-term uptrend would resume on the completion of this corrective phase. A move towards the first target zone of the Rs 195-200 range appears likely. Investors who believe in long-term gains may add this stock to their portfolio. The positive view would be valid as long as the stock holds above the stop-loss level of Rs 150. I would like to know the prospects for CESC and Escorts. Vinod CESC (Rs 235.1): Investors willing to wait for at least six months may find exit opportunities at the Rs 295-300 range, as the long-term outlook is positive. Stop-loss for existing holdings may be placed at Rs 200. Fresh long positions may also be considered on declines, with a stop-loss at Rs 200. Partial profit booking may be considered on the signs of weakness around the target zone. Escorts (Rs 102.5): The share price could move to the Rs 125-130 range. A close above Rs 110 would confi
