EquityPandit’s Outlook for Hindustan Unilever for the week (Oct 7, 2019 – Oct 11, 2019):
Hindustan Unilever Ltd.
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
Stock closed the week on negative note loosing –3.22%
Week High: 2009.70
Week Low: 1944.90
Week Range: 64.80 points
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1860 levels, Minor resistance on the upside is capped around 1981 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 @ 1783 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 @2099
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish EquityPandit predicts range for the week as 2099 on upside and 1783 on downside.