Signals, Powered By EquityPandit
HINDUNILVR Weekly Outlook and Analysis:
For the Week: (April 12,2021 – April 16,2021)
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
HUL Share Price: 2476.00 (NSE)
HUL closed the Week on Positive Note Gaining 3.21%
Weekly High: 2483.00
Weekly Low: 2346.50
Weekly Range: 136.50 points
Weekly Support & Resistance for HUL:
| RESISTANCE 2 | 2572 |
| RESISTANCE 1 | 2524 |
| SUPPORT 1 | 2387 |
| SUPPORT 2 | 2298 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2387 Levels, Minor resistance on the upside is capped around 2524 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 @ 2298 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 @2572
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2572 on upside and 2298 on downside.
We can see that stock is trading in the form of Double Bottom pattern in long term daily chart. The trend for HUL ltd. is clearly bullish . Price can continue to move towards 2530 level.
