EquityPandit’s Outlook for Hindustan Unilever for the week  (July 24, 2017 – July 28, 2017) :

HINDUSTAN UNILEVER:

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

As we have mentioned last week that 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. During the week the stock manages to hit a low of 1130 and close the week around the levels of 1159.

Minor support for the stock lies in the zone of 1140 to 1145. 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 1165 to 1175. If the stock manages to close above these levels then the stock can move to the levels of 1190 to 1200.

Broad range for the stock in coming week is seen between 1120 to 1130 on downside & 1180 to 1190 on upside.