NIFTY FMCG INDEX :Lies above all its 20DEMA,50DEMA,100DEMA & 200 DEMA Averages.It has formed an Inv Head & shoulders Breakout pattern in the daily chart. Already broke its neckline resistance at 58300 and going by the pattern and the momentum its likely to test 60000-62000 soon.Seems its time to add FMCG stocks into our portfolio(For educational purpose only)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.