Hindustan Unilever Outlook for the Week (Dec 28,2020 – Jan 01,2021)


For the Week: (Dec 28,2020 – Jan 01,2021)

HUL

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

HUL Share Price: 2402.25 (NSE)

HUL closed the Week on Positive Note gaining 2.95%

Weekly High: 2410.00

Weekly Low: 2265.10

Weekly Range: 144.90 points

Weekly Support & Resistance for HUL:

RESISTANCE 2 2504
RESISTANCE 1 2453
SUPPORT 1 2308
SUPPORT 2 2214

 

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2308 Levels, Minor resistance on the upside is capped around 2453 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 @ 2214 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 @ 2504

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2504 on upside and 2214 on downside.

On the daily charts, we can see stock is moving above long term resistance line. The trend for HUL is clearly bullish . Price can continue to move towards 2450 level.