EquityPandit’s Outlook for Hindustan Unilever for the week (July 25, 2016 – July 29, 2016):

HINDUSTAN UNILEVER:

HIND Unilever closed the week on negative note losing around 4.10%.

As we have mentioned last week that resistance for the stock lies in the zone of 940 to 950 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 980 where life time high for the stock is lying. During the week the stock manages to hit a high of 947 and close the week around the levels of 903.

Support for the stock lies in the zone of 875 to 880 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 865 to 870 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 925 to 930. Resistance for the stock lies in the zone of 940 to 950 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 980 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 860 to 870 on downside and 930 to 940 on upside.