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.
