EquityPandit’s Outlook for Hindustan Unilever for the week  (June 05, 2017 – June 09, 2017) :

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 4.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 1055 to 1060. If the stock manages to close above these levels then the stock can move to the levels of 1090 to 1100. During the week the stock manages to hit a high of 1103 and close the week around the levels of 1086.

Minor support for the stock lies in the zone of 1070 to 1075. Support for the stock lies in the zone of 1030 to 1040 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1010 to 1020 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 1110 to 1120. If the stock manages to close above these levels then the stock can move to the levels of 1160 to 1170.

Broad range for the stock in coming week is seen between 1030 to 1040 on downside & 1130 to 1140 on upside.