EquityPandit’s Outlook for Hindustan Unilever for the week  (Mar 05, 2018 – Mar 09, 2018) : 

HINDUSTAN UNILEVER:

HIND Unilever closed the week on absolutely flat note.

As we have mentioned last week, that support for the stock lies in the zone of 1300 to 1310 where medium term moving averages and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1220 to 1230 where the stock has taken multiple supports in the month of November-2017 & December-2017. During the week the stock manages to hit a low of 1311 and close the week around the levels of 1324.

Support for the stock lies in the zone of 1300 to 1310 where medium term moving averages and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1220 to 1230 where the stock has taken multiple supports in the month of November-2017 & December-2017.

Minor resistance for the stock lies in the zone of 1340 to 1350. Resistance for the stock lies in the zone of 1390 to 1400 where the stock has formed a double top pattern in the month of January-2018. If the stock manages to close above these levels then the stock can move to the levels of 1430 to 1440.

Broad range for the stock in coming week is seen between 1250 to 1280 on downside & 1360 to 1380 on upside.