EquityPandit’s Outlook for Hindustan Unilever for the week ((April 15, 2019 – April 19, 2019):
Hindustan Unilever Ltd.
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
Stock closed the week on positive note gaining +3.68%
Week High: 1,720.85
Week Low: 1,659.70
Week Range: 61.15
Technically on the daily charts EquitPandit’s analyst see minor support on the downside for HINDUNILVR at 1630- 1640 levels, whereas minor resistance on the upside is capped around 1750- 1760 levels.
If stock bank breaches minor support on the downside and closes below it we may see fresh breakdown and stock may drag towards next major support levels lower side around 1600- 1610 and if stock breaches minor resistance levels on the upside and closes above it we may see fresh breakout and stock can head towards major resistance levels placed around 1790- 1800
Currently trend for the stock is bearish as stock trading near 200 days exponential moving average. EquityPandit predicts HINDUNILVR range for the week is seen from 1790- 1800 on upside & 1600- 1610 on downside.