Signals, Powered By EquityPandit
HINDUNILVR Weekly Outlook and Analysis:
For the Week: (Aug 17,2020 – Aug 21,2020)
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
HUL Share Price: 2173.90 (NSE)
HUL closed the Week on negative note losing 1.65%
Weekly High: 2233
Weekly Low: 2165.05
Weekly Range: 67.95 points
Weekly Support & Resistance for HUL:
| RESISTANCE 2 | 2259 |
| RESISTANCE 1 | 2217 |
| SUPPORT 1 | 2149 |
| SUPPORT 2 | 2123 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2149 Levels, Minor resistance on the upside is capped around 2217 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 @ 2123 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 @ 2259
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2259 on upside and 2123 on downside.
The present short trend structure shows that HINDUSTAN UNILEVER LTD. is moving in the form of Double Top pattern . Stock took exact support from 100 EMA. To continue downside move, break below prior day low near 2165 on closing basis is required.
