EquityPandit’s Outlook for Hindustan Unilever for the week  (May 29, 2017 – June 02, 2017) :

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 3.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 1010 to 1015 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1040. During the week the stock manages to hit a high of 1050 and close the week around the levels of 1041.

Minor support for the stock lies in the zone of 1030 to 1035. Support for the stock lies in the zone of 1010 to 1020 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 990 to 1000.

Resistance for the stock lies in the zone of 1055 to 1060. If the stock manages to close above these levels then the stock can move to the levels of 1090 to 1100.

Broad range for the stock in coming week is seen between 1000 to 1010 on downside & 1090 to 1100 on upside.