HINDUNILVR Weekly Outlook and Analysis:
For the Week: (May 3,2021 – May 7,2021)
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
HUL Share Price: 2353.75 (NSE)
HUL closed the Week on Positive Note Gaining 1.99%
Weekly High: 2448.95
Weekly Low: 2311.00
Weekly Range: 137.95 points
Weekly Support & Resistance for HUL:
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2293 Levels, Minor resistance on the upside is capped around 2431 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 @ 2233and 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 @2509.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2509 on upside and 2233 on downside.
On the daily chart a falling window occurred on the candles in last trading session. Stock can take support near 2300 level, Apart from that no other formations were noticed.