HINDUNILVR Weekly Outlook and Analysis:

For the Week: (Sept 21,2020 – Sept 25,2020)

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

HUL Share Price: 2098.70 (NSE)

HUL closed the Week on negative note losing 2.80%

Weekly High: 2169.70

Weekly Low: 2090.00

Weekly Range: 79.70 points

Weekly Support & Resistance for HUL:

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2063 Levels, Minor resistance on the upside is capped around 2142 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 @ 2037 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 @ 2195

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the Weekly as 2195 on upside and 2037 on downside.

The present short trend structure shows that HINDUSTAN UNILEVER LTD. is trading in consolidation zone . On the daily charts, the
Stock took breakout from descending triangle pattern. In nutshell, for short trend Stock seems to be sideways to negative.