HINDUNILVR Weekly Outlook and Analysis:

For the Week: (Feb 01,2021 – Feb 05,2021)

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

HUL Share Price: 2263.90 (NSE)

HUL closed the Week on Negative Note Losing 3.71%

Weekly High: 2432.35

Weekly Low: 2251.00

Weekly Range: 181.35 points

Weekly Support & Resistance for HUL:

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2199 Levels, Minor resistance on the upside is capped around 2380 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 @ 2134 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 @2496

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2496 on upside and 2134 on downside.

On the daily charts we can see that this week was secularly bearish for the markets, the stock took a deep cut, and it extended its corrective move. Stock can take support near 2240 level which is 161.8% of Fibonacci retracement level.