EquityPandit’s Outlook for Hindustan Unilever for the week  (July 16, 2018 – July 20, 2018) : 

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 3.90%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1680 to 1700. If the stock manages to close above these levels then the stock can move to the levels of 1720 to 1740. During the week the stock manages to hit a high of 1750 and close the week around the levels of 1743.

Support for the stock lies in the zone of 1700 to 1710 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1640 to 1660 from where the stock broke out of June-2018 high.

Resistance for the stock lies in the zone of 1750 to 1760. If the stock manages to close above these levels then the stock can move to the levels of 1800 to 1820.

Broad range for the stock in coming week is seen between 1700 to 1720 on downside & 1800 to 1820 on upside.