EquityPandit’s Outlook for Hindustan Unilever for the week (February 06, 2017 – February 10, 2017) :

HINDUSTAN UNILEVER:

HIND Unilever closed the week on negative note losing around 0.70%.

As we have mentioned last week that support for the stock lies in the zone of 845 to 850 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 830 to 835 where Fibonacci level and short term moving averages are lying. During the week the stock manages to hit a low of 839 and close the week around the levels of 850.

Support for the stock lies in the zone of 845 to 850 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 830 to 835 where Fibonacci level and short term moving averages are lying.

Resistance for the stock lies in the zone of 865 to 870 where 200 Daily SMA and Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 890 to 900 where the stock has formed a high in the month of October-2016 and Fibonacci level is lying.

Broad range for the stock in coming week is seen between 820 to 830 on downside and 880 to 890 on upside.