EquityPandit’s Outlook for Hindustan Unilever for the week (November 30, 2015 – December 04, 2015):
HIND Unilever closed the week on positive note gaining around 2.25%.
As we have mentioned last week that support for the stock lies in the zone of 775 to 780 where downward sloping trend-line for the stock is positioned. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 730 to 740 where channel support and 500 Daily SMA are positioned. During the week the stock manages to hit a low of 787 and bounce to close the week around the levels of 816.
Support for the stock lies in the zone of 800 to 810 where trend-line support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 775 to 780 where downward sloping trend-line for the stock is positioned.
Stock has just close above the resistance zone of 800 to 810 where trend-line resistance for the stock is lying. If the stock manages to hold above the levels of 810 the stock can move to the levels of 830 to 850 where 100 & 200 Daily SMA is positioned.
Broad range for the stock in coming week is seen between 790 to 800 on downside and 840 to 850 on upside.