Signals, Powered By EquityPandit
HINDUNILVR Weekly Outlook and Analysis:
For the Week: (Jan 25,2021 – Jan 29,2021)
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
HUL Share Price: 2409.35 (NSE)
HUL closed the Week on Positive Note Gaining 2.15%
Weekly High: 2422.00
Weekly Low: 2320.65
Weekly Range: 101.35 points
Weekly Support & Resistance for HUL:
| RESISTANCE 2 | 2486 |
| RESISTANCE 1 | 2448 |
| SUPPORT 1 | 2346 |
| SUPPORT 2 | 2282 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2346 Levels, Minor resistance on the upside is capped around 2448 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 2282 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @2486
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2486 on upside and 2282 on downside.
On the daily charts, stock price are moving above short trend line break out. A bullish white body appeared on the chart. Stock comfortably closed above 2405 level which is 61.8% of retracement of Fibonacci .Price can continue to move towards 2455 level.
