HUL portrays slow trends on price movements

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The British-Dutch based manufacturing conglomerate has been outperforming the market sentiments consistently and also reached its 52-week high of Rs.2292.50 as the company got their approval for merging  GlaxoSmithKline Consumer Healthcare by acquiring 100% shares of the company. HUL is well-known for its diversified portfolios of brands and companies that makes the company’s stock one of the stabilized as the share price of the company hasn’t trembled like their competitors over the past years.
India being a vital place of business for the company as it contributes 9-10% of the income to the conglomerate. The business growth of the company has been slow and steady in India as the economic slowdown has been impacted on the money circulation in the country. The following graph shows that the trend of the company is continuing to be bullish and upward in the upcoming trading sessions and there is no signal of change in trend of prices falling. 





 Also, the bearish candlestick of the previous day trading session portrays a fall in price, but the candlesticks are above the upper band and the bearish candlestick depicts the price corrections of the stock and would result in the raise of its price. The trend chart also shows that there is a stabilized growth in the price of the stock as the trend line is flat and also bullish.



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