EquityPandit’s Outlook for Hindustan Unilever for the week (February 29, 2016 – March 04, 2016):

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 2.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 840 where 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 860 to 870. During the week the stock manages to hit a high of 866 and close the week around the levels of 850.

Support for the stock lies in the zone of 840 where 200 Daily SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 815 where 100 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 870 from where the stock sold off in the month of Dec-2015 and Feb-2016. If the stock manages to close above this levels then the stock can move to the levels of 880 where trend-line joining earlier highs is positioned.

Broad range for the stock in coming week is seen between 825 to 830 on downside and 870 to 880 on upside.