5 technical reasons to sell Marico, Dabur and buy Hindustan Unilever

Shares of Hindustan Unilever are exhibiting a major breakout, whereas Dabur India and Marico are not exhibiting much of a promise on the charts.

The recent pullback in the stock markets seems to be gathering remarkable momentum. Select stocks such as TVS Motor Company, Mahindra & Mahindra, AIA Engineering, Chalet Hotels and Coromandel International have registered new historic peaks, while ITC is showing a fresh breakouts at its 52-week high.

The key benchmark indices, the BSE Sensex and the NSE Nifty 50 had hit new 52-week lows at 50,921 and 15,183, respectively, in June, 2022, tumbling 18 per cent from their respective historic peaks. 

Despite the broader market weakenss, select sectorial indices - Nifty Auto and Nifty FMCG were holding well