Signals, Powered By EquityPandit
HINDUNILVR Weekly Outlook and Analysis:
For the Week: (June 14,2021 – June 18,2021)
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
HUL Share Price: 2366.50(NSE)
HUL closed the Week on Positive Note Gaining 1.04%
Weekly High: 2399.95
Weekly Low: 2331
Weekly Range: 68.95 points
Weekly Support & Resistance for HUL:
| RESISTANCE 2 | 2434 |
| RESISTANCE 1 | 2400 |
| SUPPORT 1 | 2330 |
| SUPPORT 2 | 2297 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2330 Levels, Minor resistance on the upside is capped around 2400 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 @ 2297 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 @2434
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2434 on upside and 2297 on downside.
On the daily chart we can see that share prices are sustaining above 100 EMA support. Stock formed a small Double Bottom formation. As per Fibonacci projection, Break above 2375 levels will take prices higher towards 2402 then 2445 levels.
