EquityPandit’s Outlook for Hindustan Unilever for the week (September 12, 2016 – September 16, 2016) :

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 1.00%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 920 to 925. Resistance for the stock lies in the zone of 940 to 950 where the stock has made a short term top. If the stock manages to close above these levels then the stock can move to the levels of 980 where life time high for the stock is lying. During the week the stock manages to hit a high of 954 and close the week around the levels of 930.

Support for the stock lies in the zone of 900 to 910 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 885 to 890 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 940 to 950 where the stock has made a short term top. If the stock manages to close above these levels then the stock can move to the levels of 980 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 900 to 905 on downside and 950 to 960 on upside.