EquityPandit’s Outlook for Hindustan Unilever for the week  (May 28, 2018 – June 01, 2018) : 

HINDUSTAN UNILEVER:

HIND Unilever closed the week on negative note losing around 1.90%.

As we have mentioned last week, that minor support for the stock lies in the zone of 1550 to 1560. Support for the stock lies in the zone of 1510 to 1520 from where the stock broke out of April-2018 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1400 to 1410 from where the stock broke out of January-2018 high. During the week the stock manages to hit a low of 1550 and close the week around the levels of 1575.

Minor support for the stock lies in the zone of 1550 to 1560. Support for the stock lies in the zone of 1510 to 1520 from where the stock broke out of April-2018 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1400 to 1410 from where the stock broke out of January-2018 high.

Resistance for the stock lies in the zone of 1620 to 1625 where the stock has formed a short term top. If the stock manages to close above these levels then the stock can move to the levels of 1640 to 1650.

Broad range for the stock in coming week is seen between 1530 to 1540 on downside & 1620 to 1630 on upside.