EquityPandit’s Outlook for Hindustan Unilever for the week  (Dec 18, 2017 – Dec 22, 2017) :

HINDUSTAN UNILEVER:

HIND Unilever closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the stock lies in the zone of 1315 to 1325. If the stock manages to close above these levels then the stock can move to the levels of 1350 to 1360. During the week the stock manages to hit a high of 1337 and close the week around the levels of 1325.

Support for the stock lies in the zone of 1280 to 1290 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 1230 to 1240 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1315 to 1325. If the stock manages to close above these levels then the stock can move to the levels of 1350 to 1360.

Broad range for the stock in coming week is seen between 1270 to 1280 on downside & 1380 to 1400 on upside.