HINDUNILVR Weekly Outlook and Analysis:

For the Week: (April 26,2021 – April 30,2021)

BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG

HUL Share Price: 2307.75 (NSE)

HUL closed the Week on Negative Note Losing 6.15%

Weekly High: 2459.70

Weekly Low: 2300

Weekly Range: 159.70points

Weekly Support & Resistance for HUL:

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2250 Levels, Minor resistance on the upside is capped around 2411 levels.

If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 2196and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @2515.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2515 on upside and 2196 on downside.

On the daily charts we can see that last week was secularly bearish for the stock. The stock took a deep cut, and it extended its cor-rective move. Stock can take support near 100 EMA level on daily chart.