Hindustan Unilever Outlook for the Week (Nov 09,2020 – Nov 13,2020)


For the Week: (Nov 09,2020 – Nov 13,2020)

hul

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

HUL Share Price: 2094.15 (NSE)

HUL closed the Week on Positive Note gaining 1.11%

Weekly High: 2123.95

Weekly Low: 2043

Weekly Range: 80.95 points

Weekly Support & Resistance for HUL:

RESISTANCE 2 2168
RESISTANCE 1 2131
SUPPORT 1 2050
SUPPORT 2 2006

 

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2050 Levels, Minor resistance on the upside is capped around 2131 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 @ 2006 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 @ 2168

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the Weekly as 2168 on upside and 2006 on downside.

On the daily charts, we can see stock bounce off from 200 EMA line. For the near term, the zone of 2120-2125 has now become a temporary immediate top for the stock. Further it is important to see whether price reverse or break down from the same.