Hindustan Unilever Outlook for the Week (Sept 21,2020 – Sept 25,2020)

For the Week: (Sept 21,2020– Sept 25,2020).

Weekly Range: 79.70 points.

HUL Share Price: 2098.70 (NSE).

The present brief trend structure reveals that HINDUSTAN UNILEVER LTD. is trading in combination zone. On the daily charts, theStock took breakout from coming down triangle pattern. In nutshell, for short pattern Stock seems to be sideways to unfavorable.

SECTOR: FMCG.

Stock is trading below 200 days rapid moving average, recommends long term trend is bearish. EquityPandit anticipates range for the Weekly as 2195 on advantage and 2037 on drawback.

Technically on the daily charts EquityPandits Analyst see: Minor assistance on the disadvantage lies at 2063 Levels, Minor resistance on the advantage is capped around 2142 levels.

Weekly Support & & Resistance for HUL:.

Weekly Low: 2090.00.

RESISTANCE 1.
2142.

Weekly High: 2169.70.

SECTOR: FMCG.

If stock breaches small assistance on the drawback and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 2037 and If stock breaches small resistance on the benefit and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 2195.

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ASSISTANCE 2.
2037

The present short trend structure reveals that HINDUSTAN UNILEVER LTD. is trading in debt consolidation zone. On the daily charts, theStock took breakout from descending triangle pattern. In nutshell, for short trend Stock seems to be sideways to negative.

SUPPORT 1.
2063.

RESISTANCE 2.
2195.

HUL closed the Week on negative note losing 2.80%.