EquityPandit’s Outlook for Hindustan Unilever for the week (March 28, 2016 – April 01, 2016):

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 3.00%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 870 from where the stock sold off in the month of Dec-2015 and Feb-2016. If the stock manages to close above this levels then the stock can move to the levels of 880 where trend-line joining earlier highs is positioned. During the week the stock manages to hit a high of 883 and close the week around the levels of 874.

Support for the stock lies in the zone of 840 to 850 where 200 Daily SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 815 where 100 Daily SMA is lying.

Stock has closed around the resistance zone of 880 where trend-line joining earlier highs is positioned. If the stock manages to close above this levels then the stock can move to the levels of 900 to 920.

Broad range for the stock in coming week is seen between 840 to 850 on downside and 890 to 900 on upside.