Move pending?
Updated
FMCG stocks are rallying.
The reasons, be it
sector rotation,
Rural demand pickup signs,
Safe during recession. etc.
Nestle India and some FMCG stocks didn't move much.
I already invested in ITC & Hind. Unilever. So, want to trade Nestle India.
There are some -ve news like high added sugar, competition for this company. So the move can be either ways but we will get to know only after the price is moved.
Added 20@2500 with SL of 2300. Expecting 15-20% move by next year.
The reasons, be it
sector rotation,
Rural demand pickup signs,
Safe during recession. etc.
Nestle India and some FMCG stocks didn't move much.
I already invested in ITC & Hind. Unilever. So, want to trade Nestle India.
There are some -ve news like high added sugar, competition for this company. So the move can be either ways but we will get to know only after the price is moved.
Added 20@2500 with SL of 2300. Expecting 15-20% move by next year.
Trade closed manually
Exited on Sep 19th at 2615/- .
2170/- profit .
Need money for different trade, so closing some of the small trades.
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