EquityPandit’s Outlook for Hindustan Unilever for the week  (Feb 12, 2018 – Feb 16, 2018) : 

HINDUSTAN UNILEVER:

HIND Unilever closed the week on negative note losing around 2.80%.

As we have mentioned last week, that minor support for the stock lies in the zone of 1350 to 1355. Support for the stock lies in the zone of 1330 to 1340 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 1300 to 1310 where short term moving averages and break out levels are lying. During the week the stock manages to hit a low of 1299 and close the week around the levels of 1333.

Support for the stock lies in the zone of 1300 to 1310 where medium term moving averages and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1220 to 1230 where the stock has taken multiple supports in the month of November-2017 & December-2017.

Minor resistance for the stock lies in the zone of 1350 to 1360. Resistance for the stock lies in the zone of 1390 to 1400 where the stock has formed a double top pattern in the month of January-2018. If the stock manages to close above these levels then the stock can move to the levels of 1430 to 1440.

Broad range for the stock in coming week is seen between 1220 to 1240 on downside & 1380 to 1400 on upside.