EquityPandit’s Outlook for Hindustan Unilever for the week (June 01, 2019 – June 07, 2019):

HINDUSTAN UNILEVER:

Hindustan Unilever Ltd.

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

Stock closed the week on positive note gaining +2.33%
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1740 levels, Minor resistance on the upside is capped around 1810 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 @ 1700 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 @ 1840

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts Range for the week as 1840 on upside and 1700 on downside.