HUL to become a buy post results, Rs 900 level good entry point: Sahil Kapoor, Chief Technical Analyst, Edelweiss Securities

In an interview with ET Now, Sahil Kapoor, Chief Technical Analyst, Edelweiss Securities, shares his top trading recommendations. Excerpts:

ET Now: What are your top trading recommendations for the day?

Sahil Kapoor: One of the recommendations to look at is Hero MotoCorp. In the last earnings season, the stock bottomed out, made a Rs 2,015 low. The current pattern looks like an inverted head-and-shoulders on the chart. Therefore, at least a 10 per cent to 12 per cent move is pending on Hero MotoCorp. Therefore, possibly trigger is pending at about Rs 2665 levels, which can be reached on Tuesday, so that will be a good trade.

Another trade is to look at HUL positively. Two days of decline is already there on the HUL charts. It is approaching the Rs 900 level, which is a good entry point. It can go and touch Rs 1,000 again. Therefore, HUL will again become a buy after its results are out.