Hindustan Unilever Outlook for the Week (Dec 07,2020 – Dec 11,2020)


For the Week: (Dec 07,2020 – Dec 11,2020)

HUL

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

HUL Share Price: 2184.20 (NSE)

HUL closed the Week on Positive Note gaining 2.15%

Weekly High: 2195.40

Weekly Low: 2120.10

Weekly Range: 75.30 points

Weekly Support & Resistance for HUL:

RESISTANCE 2 2241
RESISTANCE 1 2212
SUPPORT 1 2137
SUPPORT 2 2091

 

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2137 Levels, Minor resistance on the upside is capped around 2212 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 @ 2091 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 @ 2241

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2241 on upside and 2091 on downside.

On the daily charts, we can see stock is moving above Double Bottom pattern break out. It can take price towards 2220 or higher levels as long as 2160 stays protected on lower side.