EquityPandit’s Outlook for Hindustan Unilever for the week  (Jan 22, 2018 – Jan 25, 2018) : 

HINDUSTAN UNILEVER:

HIND Unilever closed the week on negative note losing around 0.90%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 1350 and close the week around the levels of 1362.

Minor support for the stock lies in the zone of 1350 to 1355. 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 1300 to 1310 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 1310 to 1320 on downside & 1420 to 1440 on upside.