EquityPandit’s Outlook for Hindustan Unilever for the week (May 11, 2020 – May 15, 2020):

HINDUSTAN UNILEVER:

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

Stock closed the week on negative note loosing4.8%

Week High: 2154.60

Week Low: 1902

Week Range: 252.6 points

Hindustan Unilever Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1850 Levels, Minor resistance on the upside is capped around 2308.20 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 @ 1757.30 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 @ 2420

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish EquityPandit predicts range for the week as 2420 on upside and 1757.30 on downside.

Weekly Pivot Levels: