HINDUNILVR Weekly Outlook and Analysis:
For the Week: (June 05, 2021 – June 11, 2021)
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
HUL Share Price: 2342.05(NSE)
HUL closed the Week on Positive Note Gaining 0.88%
Weekly High: 2373.65
Weekly Low: 2320.15
Weekly Range: 53.50points
Weekly Support & Resistance for HUL:
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2317 Levels, Minor resistance on the upside is capped around 2370 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 @ 2292 and 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 @2400
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2400 on upside and 2292 on downside.
On the daily chart we can see that share prices are sustaining above 100 EMA support. A bearish engulfing pattern appeared on the chart. If we look from an immediate short-term angle, stock will not have any sustainable up move unless the level 2375 is taken out.