EquityPandit’s Outlook for Hindustan Unilever for the week (September 26, 2016 – September 30, 2016) :

HINDUSTAN UNILEVER:

HIND Unilever closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 895 to 900 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 865 to 870 where long term moving averages are lying. During the week the stock manages to hit a low of 900 and close the week around the levels of 911.

Support for the stock lies in the zone of 895 to 900 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 865 to 870 where long term moving averages are lying.

Minor resistance for the stock lies in the zone of 925 to 930. Resistance for the stock lies in the zone of 950 to 955 where the stock has made a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 980 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 880 to 885 on downside and 935 to 940 on upside.