HUL

Hindustan Unilever Outlook for the Week (May 10, 2021 – May 14, 2021)

HINDUNILVR Weekly Outlook and Analysis:

For the Week: (May 10,2021 – May 14,2021)

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

HUL Share Price: 2411.20 (NSE)

HUL closed the Week on Positive Note Gaining 2.44%

Weekly High: 2434

Weekly Low: 2340

Weekly Range: 94 points

Weekly Support & Resistance for HUL:

RESISTANCE 22488
RESISTANCE 12450
SUPPORT 12355
SUPPORT 22300

Technically on the daily charts, EquityPandit’s Analyst sees: Minor support on the downside lies at 2355 Levels, Minor resistance on the upside is capped around 2450 levels.

If stock breaches minor support on the downside and closes below it we may see a fresh break down and stock can drag towards Major Support on the lower side @ 2300and If stock breaches minor resistance on the upside and closes above it we may see a fresh breakout and stock can head towards Major Resistances Level @2488.

Stock is trading above 200 days exponential moving average, which suggests the long term trend is bullish. EquityPandit predicts the range for the Weekly as 2488 on the upside and 2300 on the downside.

On a Technical basis, a Doji candle appeared on the chart. The only break above the 2450 level will price higher towards 2500. No other significant formation was noticed on the chart.

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