EquityPandit’s Outlook for Hindustan Unilever for the week  (Jan 15, 2018 – Jan 19, 2018) : 

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 1.30%.

As we have mentioned last week, that 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. During the week the stock manages to hit a high of 1385 and close the week around the levels of 1374.

Minor support for the stock lies in the zone of 1355 to 1360. 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 1390 to 1400. If the stock manages to close above these levels then the stock can move to the levels of 1420 to 1430.

Broad range for the stock in coming week is seen between 1330 to 1340 on downside & 1420 to 1440 on upside.