Hindustan Unilever Outlook for the Week (Oct 05,2020 – Oct 09,2020)


For the Week: (Oct 05,2020 – Oct 09,2020)

HUL

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

HUL Share Price: 2095.00 (NSE)

HUL closed the Week on positive note gaining 0.77%

Weekly High: 2108.90

Weekly Low: 2024.75

Weekly Range: 84.15 points

Weekly Support & Resistance for HUL:

RESISTANCE 2 2160
RESISTANCE 1 2127
SUPPORT 1 2043
SUPPORT 2 1992

 

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2043 Levels, Minor resistance on the upside is capped around 2127 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 @ 1992 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 @ 2160

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the Weekly as 2160 on upside and 1992 on downside.

On the daily charts, the Stock is moving in the form of double bottom pattern. To continue with up move, break above prior day high near 2111 on closing basis is required.