HUL stock prices have been docile for quite a while but appear to be slowly picking up. They have rose to the level of overhead resistance trendline and are on the verge of a breakout. Momentum needs to be worked up a bit more to achieve the same. Hence, if the stock shows some continued upside action, it will achieve a bull signal and can then become a buy.
The trends in the stock started reviving from the end of September but have gone through a consolidation. A good support zone has formed around the Rs 5,850 levels and can be expected to hold for now. Oscillators are in a neutral zone in the Hourly chart and with some market support, the stock is in a position to rally afresh.