Signals, Powered By EquityPandit
EquityPandit’s Outlook for Hindustan Unilever for the week (July 1, 2019 – July 5, 2019):
HINDUSTAN UNILEVER:
Hindustan Unilever Ltd.
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
Stock closed the week on positive note gaining +1.19%
Week High: 1790.65
Week Low: 1745.00
Week Range: 45.65 points
| RESISTANCE 2 | 1820.07 |
| RESISTANCE 1 | 1803.83 |
| SUPPORT 1 | 1758.18 |
| SUPPORT 2 | 1728.77 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1760 levels, Minor resistance on the upside is capped around 1795 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 @ 1727 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 @ 1825
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 1825 on upside and 1727 on downside.
