HUL comes out of 9 year trading range

Every bull  market has new leaders. This bull market is also led by the new leaders.
Hindustan Uni Lever has been trading in  a range of 126-306 for the past 9 years. It has broken out of this range in the tenth year. It has done so on the back of huge volume.Now this stock is in no resistance zone and from here it may go even further and immediate target is 400-450.
This stock also made a  all time high of 323 in the year 2000. One should buy this stock on every dip.

We are presenting below the yearly chart of HUL .

There are some other stocks  who fall into this category. ITC is also trading  at life time high.

Oil Marketing Companies BPCL, HPCL, IOC are also trading at multi year high . Some other stocks are SBI, Tata Motors , M & M , HDFC Bank, HDFC, Infosys , TCS and Axis Bank.

These all are front line stocks which are providing leadership to the current rally.
These are the new leaders of this bull run