Signals, Powered By EquityPandit
HINDUNILVR Weekly Outlook and Analysis:
For the Week: (Jan 18,2021 – Jan 22,2021)
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
HUL Share Price: 2351.15 (NSE)
HUL closed the Week on Negative Note Losing 1.67%
Weekly High: 2441.95
Weekly Low: 2342.80
Weekly Range: 99.15 points
Weekly Support & Resistance for HUL:
| RESISTANCE 2 | 2477 |
| RESISTANCE 1 | 2414 |
| SUPPORT 1 | 2315 |
| SUPPORT 2 | 2279 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2315 Levels, Minor resistance on the upside is capped around 2414 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 @ 2279 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 @2477
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2477 on upside and 2279 on downside.
On the daily charts, stock price are moving below trend line break out. A black body appeared on the candle. The daily MACD is bearish and trades below its signal line. In short trend If price moves below 2340 levels we can see more weakness towards downside .
