EquityPandit’s Outlook for Hindustan Unilever for the week  (Nov 13, 2017 – Nov 17, 2017) :

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 4.20%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1250 to 1260 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 1280 to 1290 where the stock has formed a double top pattern. During the week the stock manages to hit a high of 1299 and close the week around the levels of 1290.

Minor support for the stock lies in the zone of 1260 to 1270. Support for the stock lies in the zone of 1230 to 1240 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1200 to 1210 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 1315 to 1325. If the stock manages to close above these levels then the stock can move to the levels of 1350 to 1360.

Broad range for the stock in coming week is seen between 1230 to 1240 on downside & 1350 to 1360 on upside.