EquityPandit’s Outlook for Hindustan Unilever for the week (June 22, 2020 – June 26, 2020):

HINDUSTAN UNILEVER:

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

Stock closed the week on negative note losing 0.70%

Week High:2131.70

Week Low: 2054.05

Week Range: 77.65 points

Hindustan Unilever Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2051.40 Levels, Minor resistance on the upside is capped around 2134 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 @ 2016 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 @2169

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 2169 on upside and 2016 on downside.

WEEKLY PIVOT LEVELS: