EquityPandit’s Outlook for Hindustan Unilever for the week  (Nov 20, 2017 – Nov 24, 2017) :

HINDUSTAN UNILEVER:

HIND Unilever closed the week on negative note losing around 1.00%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 1246 and close the week around the levels of 1278.

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.

Minor resistance for the stock lies in the zone of 1295 to 1300. 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 & 1320 to 1340 on upside.