Hindustan Unilever Outlook for the Week (Aug 31,2020 – Sept 04,2020)

Weekly Support & & Resistance for HUL:.

RESISTANCE 2.
2236.

Today short pattern structure shows that HINDUSTAN UNILEVER LTD. is moving in the kind of Double Top pattern andAs stated in previous report stock took pattern breakout. In other words pattern rate can move towards 2134 level which is 1.618% ofretracement.

Weekly Low: 2145.00.

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Technically on the day-to-day charts EquityPandits Analyst see: Minor support on the disadvantage lies at 2127 Levels, Minor resistance on the advantage is topped around 2194 levels.

Weekly Range: 66.65 points.

HUL Share Price: 2151.95 (NSE).

SECTOR: FMCG.

HUL closed the Week on negative note losing 2.28%.

NSE: HINDUNILVR

For the Week: (Aug 31,2020– Sept 04,2020).

ASSISTANCE 1.
2127.

RESISTANCE 1.
2194.

Stock is trading above 200 days rapid moving average, suggests long term trend is bullish. EquityPandit forecasts variety for the Weekly as 2236 on advantage and 2103 on disadvantage.

If stock breaches minor assistance on the drawback and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 2103 and If stock breaches minor resistance on the upside and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 2236.

ASSISTANCE 2.
2103

Weekly High: 2211.65.