Signals, Powered By EquityPandit
HINDUNILVR Weekly Outlook and Analysis:
For the Week: (Sept 07,2020 – Sept 11,2020)
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
HUL Share Price: 2124.65 (NSE)
HUL closed the Week on negative note losing 1.26%
Weekly High: 2185
Weekly Low: 2100.65
Weekly Range: 84.35 points
Weekly Support & Resistance for HUL:
| RESISTANCE 2 | 2172 |
| RESISTANCE 1 | 2121 |
| SUPPORT 1 | 2087 |
| SUPPORT 2 | 2052 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2087 Levels, Minor resistance on the upside is capped around 2121 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 @ 2052 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 @ 2172
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2172 on upside and 2052 on downside.
The present short trend structure shows that HINDUSTAN UNILEVER LTD. is moving in the form of Head & Shoulder pattern and currently placed above 200 EMA support on daily chart. In short trend If price moves below this support we can see more weakness towards downside
