Signals, Powered By EquityPandit
HINDUNILVR Weekly Outlook and Analysis:
For the Week: (Aug 24,2020 – Aug 28,2020)
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
HUL Share Price: 2202.05 (NSE)
HUL closed the Week on positive note gaining 1.30%
Weekly High: 2221.50
Weekly Low: 2168.40
Weekly Range: 53.10 points
Weekly Support & Resistance for HUL:
| RESISTANCE 2 | 2250 |
| RESISTANCE 1 | 2226 |
| SUPPORT 1 | 2173 |
| SUPPORT 2 | 2144 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2173 Levels, Minor resistance on the upside is capped around 2226 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 @ 2144 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 @ 2250
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2250 on upside and 2144 on downside.
The present short trend structure shows that HINDUSTAN UNILEVER LTD. is still moving in the form of Double Top pattern and
currently placed near 100 EMA support line . A break below day low near 2165 on closing basis is required for further movement towards downside. No significant formation was noticed on the Candles.
