EquityPandit’s Outlook for Hindustan Unilever for the week (August 22, 2016 – August 26, 2016):

HINDUSTAN UNILEVER:

HIND Unilever closed the week on negative note losing around 2.60%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 901 and close the week around the levels of 911.

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 880 to 885 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 920 to 925. 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 880 to 885 on downside and 930 to 940 on upside.