HUL 2375 has given breakout from round bottom pattern but resisted by long trend resistance line. Though pattern was similar to that of last year breakout, it seems to fail this time as the last year breakout was clearly above the resistance line.
We expect history will not repeat this time and HUL will drop to 2271 before further breakdown to 1600.
We expect history will not repeat this time and HUL will drop to 2271 before further breakdown to 1600.
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