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FMCG GIANT GAVE CHANNEL BREAKOUT !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.
NSE:HINDUNILVRLong
by headymuk
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