Signals, Powered By EquityPandit
HINDUNILVR Weekly Outlook and Analysis:
For the Week: (May 24,2021 – May 28,2021)
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
HUL Share Price: 2362.25 (NSE)
HUL closed the Week on Negative Note Losing 0.61%
Weekly High: 2408.35
Weekly Low: 2340
Weekly Range: 68.35 points
Weekly Support & Resistance for HUL:
| RESISTANCE 2 | 2438 |
| RESISTANCE 1 | 2400 |
| SUPPORT 1 | 2330 |
| SUPPORT 2 | 2300 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2330 Levels, Minor resistance on the upside is capped around 2400 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 @ 2300 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 @2438
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2438 on upside and 2300 on downside.
On the daily chart Stock took exact support from trend line. Bullish engulfing pattern appeared on the chart. Move towards 2410 levels can be expected on upside. This outlook is valid as long as 2320 remains protected on downside
