Nifty Consumption !!!! GayaHello All,
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Gautam Khanna
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CNXCONSUMPTION trade ideas
CNXCONSUMPTION 23-03-2023CNXCONSUMPTION Long Term
1). Taking Support from S2-S3 Monthly buying zone
2). H-M gives Buying Signal
3). Crossed Above Developing Weekly CPR
4). SL two closing below S2-S3 BUYING ZONE
try to find same pattern in CNXCONSUMPTION Stocks
Adani Transmission Ltd
Apollo Hospitals
Asian Paints
Avenue Supermarts
Bharti Airtel
Britannia Industries
Colgate-Palmolive India
Crompton Greaves Consumer
DLF
Dabur India
Eicher Motors
Godrej Consumer
Havells India
Hero MotoCorp
Hindustan Unilever
ITC
Info Edge India
Jubilant Foodworks
Mahindra & Mahindra
Marico
Maruti Suzuki
Nestle India
Page Industriesl
Tata Consumer Products
Tata Power Co.
Titan Company
Trent
United Spirits
Voltas
Zee Entertainment
One more sector to make money! This is a weekly chart of Nifty Consumption Index. Since Oct 21 the index was trading in a downward channel on weekly basis which can be seen in blue lines. This week, however, the index has given a breakout. Now we can expect the index to again test its all time high of 7665 on weekly basis. All the stock in this index, therefore, must be on a watchlist. One can start investing progressively in the index heavy weights such as Tata Consumer, HUL, Britania, Bajaj Con etc. Once the index gives breakout above 7665, one can start buying aggressively. This will negate the possibility of making double top formation. This way one can be a safe in their investment.
CMP - 7244 W (17/5/22)
T - 7650 W
SL - 7000 W
CNXCONSUMPTION (CONSUMER - NSE) Analysis For December 08, 2021CNXCONSUMPTION (CONSUMER INDEX - NSE) has failed to break 50% Fibo level (6984) as shown on the chart. Be watchful, if it break above and sustain up trend will continue and important resistences are 7013 & 7045. Breaking down, 6945 level it may show downward movement and may check support of 6925 & 6905.
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It's a trifecta for Nifty Consumption!Very cool how 6k psych, zone and trendline resistance have all come around the same level for NSE:CNXCONSUMPTION . To top it off, the day's candle shows suppotr. Curious to see how this plays out... From what I could observe, the index has underperformed NSE:NIFTY so I wonder if it may try to play catch-up now?