EquityPandit’s Outlook for Hindustan Unilever for week (July 13, 2015 – July 17, 2015):

HINDUSTAN UNILEVER:

Hindustan Unilever (NSE: HINDUNILEVER) closed the week on negative note losing around 2.5%.

As we have mentioned last week that the stock has to close above the levels of 932 for uptrend to continue and during the week the stock was not able to close above the levels of 932 and the stock sold off to the levels of 900.

As seen from the chart the stock is approaching towards the support zone of 870 to 890 where 100 Daily SMA and downward sloping channel are positioned.

Resistance for the stock is seen in the zone 930 to 950 where short term moving averages are lying.

If the stock manages to close above the levels 932 we may see stock moving towards the levels of 960 to 980 levels.

Support for the stock lies in the range of 880 to 900 where short term moving averages are lying.

Broad range for the stock in coming week is seen between 860 to 880 on downside and 940 to 960 on upside.