EquityPandit’s Outlook for Hindustan Unilever for the week (February 27, 2017 – March 03, 2017) :

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 2.00%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 850 to 855. Resistance for the stock lies in the zone of 865 to 875 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. During the week the stock manages to hit a high of 872 and close the week around the levels of 858.

Minor support for the stock lies in the zone of 848 to 852. Support for the stock lies in the zone of 835 to 840 where short & medium term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 810 to 820 where the stock has formed a bottom in the month of January-2017.

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 830 to 840 on downside and 880 to 890 on upside.