EquityPandit’s Outlook for Hindustan Unilever for the week  (Sep 11, 2017 – Sep 15, 2017) :

HINDUSTAN UNILEVER:

 

 

HIND Unilever closed the week on negative note losing around 1.10%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1220 to 1225. If the stock manages to close above these levels then the stock can move to the levels of 1250 to 1260. During the week the stock manages to hit a high of 1222 and close the week around the levels of 1208.

Support for the stock lies in the zone of 1200 to 1210 from where the stock broke out of double top pattern. If the stock manages to close below these levels then the stock can drift to the levels of 1150 to 1160 where short term moving averages for the stock is lying.

Resistance for the stock lies in the zone of 1220 to 1225. If the stock manages to close above these levels then the stock can move to the levels of 1250 to 1260.

Broad range for the stock in coming week is seen between 1180 to 1190 on downside & 1250 to 1260 on upside.