Signals, Powered By EquityPandit
HINDUNILVR Weekly Outlook and Analysis:
For the Week: (March 29,2021 – April 02,2021)
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
HUL Share Price: 2317.90 (NSE)
HUL closed the Week on Positive Note Gaining 5.85%
Weekly High: 2372.95
Weekly Low: 2231.05
Weekly Range: 141.90 points
Weekly Support & Resistance for HUL:
| RESISTANCE 2 | 2450 |
| RESISTANCE 1 | 2384 |
| SUPPORT 1 | 2240 |
| SUPPORT 2 | 2165 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2240 Levels, Minor resistance on the upside is capped around 2384 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 @ 2165 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 @2450
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2450 on upside and 2165 on downside.
On the daily charts we can see that stock is trading above 61.8% of Fibonacci support. A white body appeared on the candle. In a nutshell, trend for HUL is positive and can continue to move higher towards 2365-2370 levels.
