EquityPandit’s Outlook for Hindustan Unilever for the week (September 28, 2015 – October 02, 2015):

HINDUSTAN UNILEVER:

Hindustan Unilever (NSE: HINDUNILVR) closed the week on negative note losing around 2%.

As we have mentioned last week that support for the stock lies in the range of 775. If the stock breaks below the levels of 775 on closing basis then the stock can drift to the levels of 730 to 740 where channel support and 500 Daily SMA are positioned. The stock manages to hit a low of 776 during the week and close the week around the levels of 782.

Support for the stock lies in the range of 775. If the stock breaks below the levels of 775 on closing basis then the stock can drift to the levels of 730 to 740 where channel support and 500 Daily SMA are positioned.

Resistance for the stock lies in the zone of 810 to 820 where trend-line resistance are positioned. If the stock manages to close above the levels of 820 the stock can move to the levels of 860 where upward moving trend-line is positioned.

Broad range for the stock in coming week is seen between 760 to 770 on downside and 830 to 840 on upside.