Signals, Powered By EquityPandit
HINDUNILVR Weekly Outlook and Analysis:
For the Week: (March 22,2021 – March 26,2021)
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
HUL Share Price: 2312.05(NSE)
HUL closed the Week on Positive Note Gaining 4.87%
Weekly High: 2325.25
Weekly Low: 2183.30
Weekly Range: 141.95 points
Weekly Support & Resistance for HUL:
| RESISTANCE 2 | 2415 |
| RESISTANCE 1 | 2363 |
| SUPPORT 1 | 2221 |
| SUPPORT 2 | 2131 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2221 Levels, Minor resistance on the upside is capped around 2363 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 @ 2131and 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 @2415
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2415 on upside and 2131 on downside.
On the daily charts we can see that stock formed a Bullish engulfing pattern which shows more strength in the stock. In short, HUL share looks to be positive. Move towards 2360-2370 levels can be expected on upside.
