EquityPandit’s Outlook for Hindustan Unilever for the week (April 11, 2016 – April 13, 2016):

HINDUSTAN UNILEVER:

HIND Unilever closed the week on negative note losing around 2.00%.

As we have mentioned last week that support for the stock lies in the zone of 840 to 845 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 815 where 100 Daily SMA is lying. During the week the stock manages to hit a low of 846 and close the week around the levels of 850.

Support for the stock lies in the zone of 840 to 845 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 830 where 100 Daily SMA is lying.

Stock has closed around the resistance zone of 870 to 880 where trend-line joining earlier highs is positioned. If the stock manages to close above these levels then the stock can move to the levels of 900 to 920.

Broad range for the stock in coming week is seen between 830 to 835 on downside and 880 to 890 on upside.