EquityPandit’s Outlook for Hindustan Unilever for the week (December 14, 2015 – December 18, 2015):

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 0.90%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 839.8 and retraced to close the week around the levels of 822.

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 835 to 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 800 to 810 on downside and 840 to 850 on upside.