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

SECTOR: FMCG.

RESISTANCE 2.
2160.

HUL closed the Week on favorable note gaining 0.77%.

RESISTANCE 1.
2127.

ASSISTANCE 1.
2043.

ASSISTANCE 2.
1992

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 @ 1992 and If stock breaches minor resistance on the advantage and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 2160.

Weekly Support & & Resistance for HUL:.

Weekly Range: 84.15 points.

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Weekly Low: 2024.75.

Technically on the day-to-day charts EquityPandits Analyst see: Minor support on the drawback lies at 2043 Levels, Minor resistance on the upside is capped around 2127 levels.

Stock is trading below 200 days rapid moving average, suggests long term trend is bearish. EquityPandit anticipates variety for the Weekly as 2160 on upside and 1992 on disadvantage.

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

Weekly High: 2108.90.

BSE: 500696

HUL Share Price: 2095.00 (NSE).

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.