Signals, Powered By EquityPandit
HINDUNILVR Weekly Outlook and Analysis:
For the Week: (Nov 15,2021 – Nov 19,2021)
BSE: 500696| NSE: HINDUNILVR| ISIN: INE030A01027| SECTOR: FMCG
HUL Share Price: 2404.95 (NSE)
HUL closed the Week on Negative note losing 0.74%
Weekly High: 2449
Weekly Low: 2366.20
Weekly Range: 82.80 points
Weekly Support & Resistance for HUL:
| RESISTANCE 2 | 2491 |
| RESISTANCE 1 | 2448 |
| SUPPORT 1 | 2364 |
| SUPPORT 2 | 2323 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2364 Levels, Minor resistance on the upside is capped around 2448 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 @ 2323 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 @ 2491
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the Weekly as 2491 on upside and 2323 on downside.
