EquityPandit’s Outlook for Hindustan Unilever for the week (Dec 16, 2019 – Dec 20, 2019):

HINDUSTAN UNILEVER:

BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG

Stock closed the week on negative note loosing – 2.53%

Week High: 2041.60

Week Low: 1991.20

Week Range: 50.40 points

Hindustan Unilever Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1925.30 Levels, Minor resistance on the upside is capped around 2096 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 @ 1890 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 @ 2151.10

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish EquityPandit predicts range for the week as 2151.10 on upside and 1890 on downside.