HINDUNILVR Weekly Outlook and Analysis:

For the Week: (Aug 03,2020 – Aug 07,2020)

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

HINDUSTAN UNILEVER SHARE PRICE : 2209.90 NSE

Stock closed the week on flat note

Week High: 2262.20

Week Low: 2178

Week Range: 84.2 points

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2172 Levels, Minor resistance on the upside is capped around 2254 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 @ 2298

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish EquityPandit predicts range for the week as 2298 on upside and 2134 on downside.

On the daily chart HINDUSTAN UNILEVER LTD. is moving in the form of Head & Shoulder pattern. Positive closing was made with the help of 50 EMA. Only break above 2240 level will price higher towards 2310 .

HINDUNILVR Weekly Support & Resistance Levels: