EquityPandit’s Outlook for Hindustan Unilever for the week  (July 10, 2017 – July 14, 2017) :

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 1.70%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 1095 to 1100. Resistance for the stock lies in the zone of 1120 to 1130. If the stock manages to close above these levels then the stock can move to the levels of 1160 to 1170. During the week the stock manages to hit a high of 1112 and close the week around the levels of 1098.

Minor support for the stock lies in the zone of 1070 to 1080. Support for the stock lies in the zone of 1035 to 1045 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1010 to 1020 where Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 1095 to 1100. Resistance for the stock lies in the zone of 1120 to 1130. If the stock manages to close above these levels then the stock can move to the levels of 1160 to 1170.

Broad range for the stock in coming week is seen between 1060 to 1070 on downside & 1130 to 1140 on upside.