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arpit991999

HUL technical analysis.

Long
HINDUSTAN UNILEVER (NSE:HINDUNILVR)  
arpit991999  
NSE:HINDUNILVR   HINDUSTAN UNILEVER
Trend Analysis Chart Patterns Double Bottom downtrend breakout channelbreak
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trendanalysis chartpattern doublebottom downtrend breakout channelbreak
Textbook double bottom pattern at neckline test. The stock also strictly followed a downtrend while respecting a channel.
Possible breakout supported by following points :
1. Double bottom confirmation
2. Fundamentally strong stock
3. Channel breakout

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