Signals, Powered By EquityPandit
HINDUNILVR Weekly Outlook and Analysis:
For the Week: (Dec 06,2021 – Dec 10,2021)
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
HUL Share Price: 2335.10 (NSE)
HUL closed the Week on Negative note losing 2.68%
Weekly High: 2409.90
Weekly Low: 2325.20
Weekly Range: 84.7 points
Weekly Support & Resistance for HUL:
| RESISTANCE 2 | 2440 |
| RESISTANCE 1 | 2390 |
| SUPPORT 1 | 2300 |
| SUPPORT 2 | 2270 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2300 Levels, Minor resistance on the upside is capped around 2390 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 @ 2270 and 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 @ 2440
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the Weekly as 2440 on upside and 2270 on downside.
