Buy HUL on declines, says Salil Sharma of Kapur Sharma.
Sharma told CNBC-TV18, "HUL has given a brilliant break out. The chart has been looking good for the past nearly 6-8 months and from there we are seeing a very good trending per chart movement. The resistance point was at Rs 355 and the way it blew past that resistance on excellent volume yesterday gave it a very bullish sign."
He further added, "The initial target was around Rs 380 but I think it could get extended because of some kind of short covering. It becomes a buy on decline stock."
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