Current Price: ₹1,253.30 (+7.71% rally)
Key Levels:
Support: ₹1,183 (Recent Swing Low)
Resistance: ₹1,269 (Immediate) → ₹1,400 (Next Target)
Trend Indicators:
TEMA (5,9,20): Bullish alignment (short-term momentum).
SuperTrend (10,3): Green line → Uptrend confirmation.
Price Action: Strong bounce from ₹1,183, now testing ₹1,253.
Fundamental Checks (Screener.in Recommended)
Sector: FMCG (Snacks - High Growth Potential)
Debt-to-Equity: Check if <0.5 (Low Debt Preferred)
Revenue Growth: Look for consistent 10%+ quarterly growth.
Margins: Stable/expanding operating margins (~10-15%).
Positional Trade Plan
✅ Entry Zone: ₹1,230-1,250 (Dip near support)
🛑 Stop-Loss: ₹1,180 (Below recent swing low)
🎯 Targets:
₹1,400 (12% upside)
₹1,500 (20% upside – Trail SL)
⏳ Holding Period: 3-6 months (FMCG stocks trend steadily).
Confirmation Signals
Volume: Surge above 20-day avg volume on breakout.
Sector Tailwinds: Monsoon impact on raw material costs (potatoes/oil).
Earnings Date: Check Screener.in for upcoming results.
Risk Management
Avoid if Nifty FMCG index is under pressure.
Exit if price closes below SuperTrend line.
Final Verdict: Strong technical rebound + FMCG resilience = Solid positional trade. Always pair with fundamentals!
Key Levels:
Support: ₹1,183 (Recent Swing Low)
Resistance: ₹1,269 (Immediate) → ₹1,400 (Next Target)
Trend Indicators:
TEMA (5,9,20): Bullish alignment (short-term momentum).
SuperTrend (10,3): Green line → Uptrend confirmation.
Price Action: Strong bounce from ₹1,183, now testing ₹1,253.
Fundamental Checks (Screener.in Recommended)
Sector: FMCG (Snacks - High Growth Potential)
Debt-to-Equity: Check if <0.5 (Low Debt Preferred)
Revenue Growth: Look for consistent 10%+ quarterly growth.
Margins: Stable/expanding operating margins (~10-15%).
Positional Trade Plan
✅ Entry Zone: ₹1,230-1,250 (Dip near support)
🛑 Stop-Loss: ₹1,180 (Below recent swing low)
🎯 Targets:
₹1,400 (12% upside)
₹1,500 (20% upside – Trail SL)
⏳ Holding Period: 3-6 months (FMCG stocks trend steadily).
Confirmation Signals
Volume: Surge above 20-day avg volume on breakout.
Sector Tailwinds: Monsoon impact on raw material costs (potatoes/oil).
Earnings Date: Check Screener.in for upcoming results.
Risk Management
Avoid if Nifty FMCG index is under pressure.
Exit if price closes below SuperTrend line.
Final Verdict: Strong technical rebound + FMCG resilience = Solid positional trade. Always pair with fundamentals!
Disclaimer
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.
Disclaimer
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.