EquityPandit’s Outlook for Hindustan Unilever for the week (February 15, 2016 – February 19, 2016):

HINDUSTAN UNILEVER:

HIND Unilever closed the week on negative note losing around 3.80%.

As we have mentioned last week that support for the stock lies in the zone of 815 to 820 where short term moving averages and 100 Daily SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 800 from where the stock has broken the short term double bottom formation. During the week the stock manages to hit a low of 791 and close the week around the levels of 813.

Stock has closed around the support zone of 815 where 100 Daily SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 770 where 500 Daily SMA is lying.

Stock has closed around the resistance zone of 815 where 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 840 where 200 Daily SMA is lying.

Broad range for the stock in coming week is seen between 780 to 790 on downside and 830 to 840 on upside.