EquityPandit’s Outlook for Hindustan Unilever for the week (April 04, 2016 – April 08, 2016):

HINDUSTAN UNILEVER:

HIND Unilever closed the week on negative note losing around 0.80%.

As we have mentioned last week that stock has closed around the resistance zone of 880 where trend-line joining earlier highs is positioned. If the stock manages to close above this levels then the stock can move to the levels of 900 to 920. During the week the stock manages to hit a high of 879 and close the week around the levels of 867.

Support for the stock lies in the zone of 840 to 845 where 200 Daily SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 815 where 100 Daily SMA is lying.

Stock has closed around the resistance zone of 880 where trend-line joining earlier highs is positioned. If the stock manages to close above this levels then the stock can move to the levels of 900 to 920.

Broad range for the stock in coming week is seen between 840 to 850 on downside and 890 to 900 on upside.