EquityPandit’s Outlook for Hindustan Unilever for the week (March 14, 2017 – March 17, 2017) :

HINDUSTAN UNILEVER:

HIND Unilever closed the week on negative note losing around 0.20%.

As we have mentioned last week that support for the stock lies in the zone 860 to 865 where 200 Daily SMA and breakout levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 to 855 where Fibonacci levels are lying. During the week the stock manages to hit a low of 862 and close the week around 875.

Support for the stock lies in the zone 860 to 865 where 200 Daily SMA and breakout levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 to 855 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 890 to 900 where the stock has formed a high in the month of October-2016 and Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 930 to 940 where the stock has formed a top in the month of September-2016 and Fibonacci levels are lying.

Broad range for the stock in coming week is seen between 855 to 860 on downside & 900 to 910 on upside.