EquityPandit’s Outlook for Hindustan Unilever for the week  (Sep 04, 2017 – Sep 08, 2017) :

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 3.10%.

As we have mentioned last week, that minor support for stock lies in the zone of 1173 to 1183. Support for the stock lies in the zone of 1140 to 1145 where the stock has taken multiple support. If the stock manages to close below these levels then the stock can drift to the levels of 1118 to 1125 where break out levels and short term moving averages for the stock is lying. During the week the stock manages to hit a low of 1179 and close the week around the levels of 1216.

Support for the stock lies in the zone of 1200 to 1210 from where the stock broke out of double top pattern. If the stock manages to close below these levels then the stock can drift to the levels of 1150 to 1160 where short term moving averages for the stock is lying.

Resistance for the stock lies in the zone of 1220 to 1225. If the stock manages to close above these levels then the stock can move to the levels of 1250 to 1260.

Broad range for the stock in coming week is seen between 1180 to 1190 on downside & 1250 to 1260 on upside.