EquityPandit’s Outlook for Hindustan Unilever for the week  (July 09, 2018 – July 13, 2018) : 

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 2.20%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1640 to 1650. If the stock manages to close above these levels then the stock can move to the levels of 1670 to 1680. During the week the stock manages to hit a high of 1698 and close the week around the levels of 1678.

Support for the stock lies in the zone of 1640 to 1660 from where the stock broke out of June-2018 high. If the stock manages to close below these levels then the stock can drift to the levels of 1600 to 1620 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1680 to 1700. If the stock manages to close above these levels then the stock can move to the levels of 1720 to 1740.

Broad range for the stock in coming week is seen between 1630 to 1650 on downside & 1700 to 1720 on upside.