EquityPandit’s Outlook for Hindustan Unilever for the week (February 22, 2016 – February 26, 2016):

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 1.90%.

As we have mentioned last week that stock has closed around the resistance zone of 815 where 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 840 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 832 and close the week around the levels of 828.

Support for the stock lies in the zone of 815 where 100 Daily SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 770 where 500 Daily SMA is lying.

Resistance for the stock lies in the zone of 840 where 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 860 to 870.

Broad range for the stock in coming week is seen between 800 to 810 on downside and 840 to 850 on upside.