EquityPandit’s Outlook for Hindustan Unilever for the week  (July 02, 2018 – July 06, 2018) : 

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 2.00%.

As we have mentioned last week, that minor support for the stock lies in the zone of 1590 to 1600. Support for the stock lies in the zone of 1540 to 1550 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1510 to 1520 from where the stock broke out of April-2018 highs. During the week the stock manages to hit a low of 1596 and close the week around the levels of 1641.

Minor support for the stock lies in the zone of 1600 to 1610. Support for the stock lies in the zone of 1560 to 1570 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1510 to 1520 from where the stock broke out of April-2018 highs.

Resistance for the stock lies in the zone of 1640 to 1650. If the stock manages to close above these levels then the stock can move to the levels of 1670 to 1680.

Broad range for the stock in coming week is seen between 1600 to 1610 on downside & 1670 to 1680 on upside.