EquityPandit’s Outlook for Hindustan Unilever for the week (July 20,2020 – July 24, 2020):

HINDUSTAN UNILEVER:

BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG

Stock closed the week on positive note gaining 5.0%

Week High:2340

Week Low: 2226.60

Week Range:113.4 points

Hindustan Unilever Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2279 Levels, Minor resistance on the upside is capped around 2376 levels.

If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 2246 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @2411

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 2411 on upside and 2246 on downside.

WEEKLY PIVOT LEVELS: