EquityPandit’s Outlook for Hindustan Unilever for the week (July 27,2020 – July 31, 2020):

HINDUSTAN UNILEVER:

BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG

Stock closed the week on negative note loosing 5.35%

Week High: 2350

Week Low: 2168.05

Week Range: 181.95 points

Hindustan Unilever Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2165 Levels, Minor resistance on the upside is capped around 2236 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 @ 2125 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 @ 2295

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish EquityPandit predicts range for the week as 2295 on upside and 2125 on downside.

WEEKLY PIVOT LEVELS: