EquityPandit’s Outlook for Hindustan Unilever for the week  (Aug 14, 2017 – Aug 18, 2017) :

HINDUSTAN UNILEVER:

HIND Unilever closed the week on negative note losing around 3.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 1170 to 1175. Support for the stock lies in the zone of 1140 to 1145 where the stock has taken multiple support. If the stock manages to close below these levels then the stock can drift to the levels of 1118 to 1125 where break out levels for the stock is lying. During the week the stock manages to hit a low of 1144 and close the week around the levels of 1153.

Support for the stock lies in the zone of 1140 to 1145 where the stock has taken multiple support. If the stock manages to close below these levels then the stock can drift to the levels of 1118 to 1125 where break out levels and short term moving averages for the stock is lying.

Minor resistance for the stock lies in the zone of 1170 to 1180. Resistance for the stock lies in the zone of 1200 to 1210 where the stock has formed a short term top. If the stock manages to close above these levels then the stock can move to the levels of 1230 to 1240.

Broad range for the stock in coming week is seen between 1100 to 1110 on downside & 1200 to 1210 on upside.