Signals, Powered By EquityPandit
HINDUNILVR Weekly Outlook and Analysis:
For the Week: (Aug 10,2020 – Aug 14,2020)
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
HUL Share Price : 2210.55 NSE
Stock closed the week on flat note
Week High: 2234.80
Week Low: 2175.10
Week Range: 59.70 points
Weekly Support & Resistance Levels for Hindustan Unilever Limited:
| RESISTANCE 2 | 2266 |
| RESISTANCE 1 | 2238 |
| SUPPORT 1 | 2179 |
| SUPPORT 2 | 2147 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2179 Levels, Minor resistance on the upside is capped around 2238 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 @ 2147 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 @ 2266
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 2266 on upside and 2147 on downside.
On the daily chart HINDUSTAN UNILEVER LTD. is moving in the form of Double bottom pattern . Break above 2245 levels which could take prices toward 2300 levels or higher levels. This outlook is valid as long as 2190 level remains protected on downside
