EquityPandit’s Outlook for Hindustan Unilever for the week  (July 17, 2017 – July 21, 2017) :

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 3.80%.

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 1150 and close the week around the levels of 1139.

Support for the stock lies in the zone of 1118 to 1125 where break out levels for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1170 to 1180 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1145 to 1150. If the stock manages to close above these levels then the stock can move to the levels of 1165 to 1175.

Broad range for the stock in coming week is seen between 1100 to 1110 on downside & 1170 to 1180 on upside.