EquityPandit’s Outlook for Hindustan Unilever for the week  ( Jan 01, 2018 – Jan 05, 2018) : 

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 0.80%.

As we have mentioned last week, that support for the stock lies in the zone of 1330 to 1340 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 1280 to 1290 where short term moving averages and break out levels are lying. During the week the stock manages to hit a low of 1340 and close the week around the levels of 1368.

Support for the stock lies in the zone of 1330 to 1340 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 1280 to 1290 where short term moving averages and break out levels are lying.

Resistance for the stock lies in the zone of 1360 to 1370. If the stock manages to close above these levels then the stock can move to the levels of 1390 to 1400.

Broad range for the stock in coming week is seen between 1320 to 1330 on downside & 1380 to 1400 on upside.