EquityPandit’s Outlook for Hindustan Unilever for the week (August 31, 2015 – September 04, 2015):

HINDUSTAN UNILEVER:

Hindustan Unilever (NSE: HINDUNILVR) closed the week on negative note losing more than 3%.

As we have mentioned last week that the support for the stock lies in the range of 840 to 860 where 200 Daily SMA, 50 Weekly SMA and trend-line support are positioned. The stock hit a low of 845 during the week.

Support for the stock lies in the zone of 840 to 860 where 50 Weekly SMA and trend-line support are positioned. If the stock moves below the levels of 840 the stock can drift to the levels of sub 800.

Resistance for the stock lies in the zone of 860 to 880 where 100 and 200 Daily SMA are positioned. If the stock manages to close above the levels of 880 the stock can move to the levels of 920.

Broad range for the stock in coming week is seen between 830 to 840 on downside and 900 to 910 on upside.