EquityPandit’s Outlook for Hindustan Unilever for the week (September 19, 2016 – September 23, 2016) :

HINDUSTAN UNILEVER:

HIND Unilever closed the week on negative note losing around 2.00%.

As we have mentioned last week that support for the stock lies in the zone of 900 to 910 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 885 to 890 where medium term moving averages are lying. During the week the stock manages to hit a low of 905 and close the week around the levels of 912.

Support for the stock lies in the zone of 895 to 900 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 865 to 870 where long term moving averages are lying.

Minor resistance for the stock lies in the zone of 930. Resistance for the stock lies in the zone of 945 to 955 where the stock has made a short term top. If the stock manages to close above these levels then the stock can move to the levels of 980 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 885 to 890 on downside and 940 to 950 on upside.