headymuk

FMCG GIANT GAVE CHANNEL BREAKOUT !

NSE:HINDUNILVR   HINDUSTAN UNILEVER
HidustanUnilever - The FMCG giant has given a good breakout from its major channel pattern. Stock was in tight upward channel range since approx past 2 years ( Sep 2019 ) and now it has finally given a good breakout from the channel.
Another critical point was that there was a Sub pattern also , which was Double Bottom which is also a bullish pattern .
We all have heard about some of the famous brands like Dove, Lux, Lifebuoy, Pears, Hamam, Lyril, Rexona, Surf Excel, Wheel, Comfort, Clinic Plus, Sunsilk, Fair & Lovely, Pond's, Lakmè, Vaseline, Bru , Taj Mahal, Lipton, Brooke Bond, Cornetto, Kisan, Annapurna, Magnum , Close up, Pepsodent, and many more. You will be surprised to know that Its parent company is this giant- Hindustan Unilever.
So its clearly a great fundamental company and its also bullish on technical terms.
This was my honest and fair analysis only use it as education , trade as per your analysis or seek financial help from your advisor.
Feel free to share your own views.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.