HUL should touch 420-425 in couple of days: Mitesh Thacker

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com shares his views on HUL stock.

What is the call on HUL, 407 on HUL, it is up about 2% plus on a bad day, do you think HUL before 31st of December will touch 420?

It should definitely. That is the price target I have been looking for. What the stock has done for the last 3-4 days is that in the market slide, it has just held onto the higher end of the range. So, it has just been very sideways.

Also if you look at the price pattern, the stock was going through this consolidation which I did discuss for about 15-20 days in the range of 400 to about 380-375 giving you broadly a 25-point kind of range.

So breaking above 400 should give us at least a 25 points on the upside which is about 420-425. So that should be met in the next couple of days.