EquityPandit’s Outlook for Hindustan Unilever for the week (August 16, 2016 – August 19, 2016):

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 1.00%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 925 to 930. Resistance for the stock lies in the zone of 940 to 950 where the stock has made a short term top. If the stock manages to close above these levels then the stock can move to the levels of 980 where life time high for the stock is lying. During the week the stock manages to hit a high of 947 and close the week around the levels of 935.

Minor support for the stock lies in the zone of 915 to 920. Support for the stock lies in the zone of 890 to 900 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 875 to 880 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 940 to 950 where the stock has made a short term top. If the stock manages to close above these levels then the stock can move to the levels of 980 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 900 to 910 on downside and 960 to 970 on upside.