EquityPandit’s Outlook for Hindustan Unilever for the week (December 21, 2015 – December 24, 2015):

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 4.20%.

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 813 and bounce to close the week around the levels of 857.

Support for the stock lies in the range of 830 where 100 Daily SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 800 to 810 where trend-line support for the stock is lying.

Stock has closed around the strong resistance zone of 860 where 200 Daily SMA is lying. If the stock closes above the levels of 865 then the stock can move to the levels of 890 to 900 where trend-line joining earlier high is positioned.

Broad range for the stock in coming week is seen between 830 to 840 on downside and 880 to 890 on upside.