HUL may go down to Rs 245

ET Now spoke to Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, aptartindia.com, on his view on Hindustan Unilever.

What is the call on Hindustan Unilever?

Hindustan Unilever was a good buy for us somewhere in the range of Rs 290 to Rs 280 but at the current levels, it has broken the support levels and I see it going down to possibly Rs 245.

So in case there is an upmove of Rs 5-10 or something of that kind, one can exit at somewhere around Rs 270-Rs 275 and try and buy it back at Rs 250-Rs 245 in that range.