EquityPandit’s Outlook for Hindustan Unilever for the week  (Aug 20, 2018 – Aug 24, 2018) : 

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 1.80%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1780 to 1800 where the stock has formed a high in the month of July-2018. If the stock manages to close above these levels then the stock can move to the levels of 1850 to 1870. During the week the stock manages to hit a high of 1789 and close the week around the levels of 1785.

Minor support for the stock lies around 1740 to 1750. Support for the stock lies in the zone of 1680 to 1700 from where the stock broke out after consolidation and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1640 to 1660 where the stock has taken multiple support in the month of July-2018.

Resistance for the stock lies in the zone of 1780 to 1800 where the stock has formed a high in the month of July-2018. If the stock manages to close above these levels then the stock can move to the levels of 1850 to 1870.

Broad range for the stock in coming week is seen between 1700 to 1720 on downside & 1820 to 1840 on upside.