EquityPandit’s Outlook for Hindustan Unilever for the week  (Jan 14, 2019 – Jan 18, 2019) : 

HINDUSTAN UNILEVER:

HIND Unilever closed the week on negative note losing around 0.70%.

As we have mentioned last week, that minor resistance for the stock lies around 1800 to 1820. Resistance for the stock lies in the zone of 1850 to 1870 where the stock has formed a short term top. If the stock manages to close above these levels then the stock can move to the levels of 1900 to 1920. During the week the stock manages to hit a high of 1804 and close the week around the levels of 1769.

Support for the stock lies in the zone of 1730 to 1750 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1680 to 1700 where Fibonacci levels are lying.

Minor resistance for the stock lies around 1780 to 1800. Resistance for the stock lies in the zone of 1850 to 1870 where the stock has formed a top in the month of December-2018. If the stock manages to close above these levels then the stock can move to the levels of 1900 to 1920.

Broad range for the stock in coming week is seen between 1700 to 1730 on downside & 1800 to 1820 on upside.