EquityPandit’s Outlook for Hindustan Unilever for the week  (Aug 07, 2017 – Aug 11, 2017) :

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 3.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 1140 to 1145. Support for the stock lies in the zone of 1118 to 1125 where break out levels for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1170 to 1180 where short term moving averages are lying. During the week the stock manages to hit a low of 1142 and close the week around the levels of 1192.

Minor support for the stock lies in the zone of 1170 to 1175. Support for the stock lies in the zone of 1140 to 1145 where the stock has taken multiple support. If the stock manages to close below these levels then the stock can drift to the levels of 1118 to 1125 where break out levels for the stock is lying.

Resistance for the stock lies in the zone of 1190 to 1200 where the stock has formed a top in the month of July-2017. If the stock manages to close above these levels then the stock can move to the levels of 1250 to 1260.

Broad range for the stock in coming week is seen between 1140 to 1150 on downside & 1250 to 1260 on upside.