EquityPandit’s Outlook for Hindustan Unilever for the week  (Sep 18, 2017 – Sep 22, 2017) :

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 3.10%.

As we have mentioned last week, that support for the stock lies in the zone of 1200 to 1210 from where the stock broke out of double top pattern. If the stock manages to close below these levels then the stock can drift to the levels of 1150 to 1160 where short term moving averages for the stock is lying. During the week the stock manages to hit a low of 1206 and close the week around the levels of 1246.

Minor support for the stock lies in the zone of 1220 to 1230. Support for the stock lies in the zone of 1200 to 1210 from where the stock broke out of double top pattern. If the stock manages to close below these levels then the stock can drift to the levels of 1150 to 1160 where short term moving averages for the stock is lying.

Resistance for the stock lies in the zone of 1250 to 1260. If the stock manages to close above these levels then the stock can move to the levels of 1270 to 1280.

Broad range for the stock in coming week is seen between 1210 to 1220 on downside & 1270 to 1280 on upside.