EquityPandit’s Outlook for Hindustan Unilever for the week (March 16, 2020 – March 20, 2020):

HINDUSTAN UNILEVER:

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

Stock closed the week on negative note losing -4.52%

Week High: 2196.60

Week Low: 1890

Week Range: 279.60 points

Hindustan Unilever Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2031 Levels, Minor resistance on the upside is capped around 2065 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 @ 2000 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 @ 2120.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish EquityPandit predicts range for the week as 2200 on upside and 1900 on downside.

Weekly Pivot Levels: