EquityPandit’s Outlook for Hindustan Unilever for the week (December 07, 2015 – December 11, 2015):

HINDUSTAN UNILEVER:

HIND Unilever closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 800 to 810 where trend-line support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 775 to 780 where downward sloping trend-line for the stock is positioned. During the week the stock manages to hit a low of 805 and close the week around the levels of 815.

Support for the stock lies in the zone of 800 to 810 where trend-line support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 775 to 780 where downward sloping trend-line for the stock is positioned.

Resistance for the stock lies in the zone of 840 where 100 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 860 where 200 Daily SMA is lying.

Broad range for the stock in coming week is seen between 790 to 800 on downside and 840 to 850 on upside.