Hindustan Unilever Outlook for the Week (Sept 04,2020 – Sept 18,2020)


For the Week: (Sept 04,2020 – Sept 18,2020)

HUL

BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG

HUL Share Price: 2159.25 (NSE)

HUL closed the Week on positive note gaining 1.62%

Weekly High: 2174.00

Weekly Low: 2103.75

Weekly Range: 70.25 points

Weekly Support & Resistance for HUL:

RESISTANCE 2 2215
RESISTANCE 1 2187
SUPPORT 1 2117
SUPPORT 2 2075

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2187 Levels, Minor resistance on the upside is capped around 2117 levels.

If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 2075 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 2215

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2215 on upside and 2075 on downside.

The present short trend structure shows that HINDUSTAN UNILEVER LTD. Is trading in consolidation zone . On the daily charts, the stock has resisted to the upper trend line . Break above this trend line could take prices towards 2200 levels or higher levels.