HINDUNILVR Weekly Outlook and Analysis:
For the Week: (April 05,2021 – April 09,2021)
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
HUL Share Price: 2399.10 (NSE)
HUL closed the Week on Positive Note Gaining 3.50%
Weekly High: 2446.80
Weekly Low: 2325
Weekly Range: 121.80 points
Weekly Support & Resistance for HUL:
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2333 Levels, Minor resistance on the upside is capped around 2455 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 @ 2270 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 @2512
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2512 on upside and 2270 on downside.
On the daily charts we can see that stock is trading in the form of Double Bottom pattern. Break above 2447 levels will take price higher towards 2500 levels.