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HUL

Hindustan Unilever Outlook for the Week (June 8, 2020 – June 12, 2020)

EquityPandit’s Outlook for Hindustan Unilever for the week (June 8, 2020 – June 12, 2020):

HINDUSTAN UNILEVER:

BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG

Stock closed the week on positive note gaining 1.5%

Week High: 2149

Week Low: 2071.20

Week Range: 77.8 points

HUL

Hindustan Unilever Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2067 Levels, Minor resistance on the upside is capped around 2151 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 @ 2188 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 @ 2019

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 2188 on upside and 2019 on downside.

 

WEEKLY PIVOT LEVELS:

RESISTANCE 2 2180
RESISTANCE 1 2134
SUPPORT 1 2056
SUPPORT 2   2025

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