EquityPandit’s Outlook for Hindustan Unilever for the week (May 18, 2020 – May 22, 2020):

HINDUSTAN UNILEVER:

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

Stock closed the week on negative note loosing2.7%

Week High: 2116

Week Low: 1975

Week Range: 141

Hindustan Unilever Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1931 Levels, Minor resistance on the upside is capped around 2117 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 @ 1849.50 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 @ 2167.50

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish EquityPandit predicts range for the week as 2167.50 on upside and 1849.50 on downside.

Weekly Pivot Levels: