The Trend has started by NSE:ITC already reached at the supply zone and also touched the level of 1.131 (Bearish Shark Pattern) at price 338.30 in weekly TF. As per the previous candle closing with rejection, we might assume some profit booking here. SELL : Short opportunity only arise if price breaks the previous week candle low which is 329.70 . BUY:...
Keep an eye on CNXFMCG that is FMCG SECTOR. CNXFMCG has round bottom breakout. Every FMCG stock is performing well keep an eye on FMCG stocks example - MARICO , HINDUNILVR , ITC (safest) , NESTLEIND
The multi-year breakout can be seen on the FMCG Index weekly chart. Plan your trades accordingly, on which FMCG stock you would like to bet on?