Nifty FMCG SellNifty FMCG down side target 51000 . Weekly time frame fmcg index 5 wave complete . and again come down wave a,b or c
FMCG at major support of 5800 and a trend line from 2022FMCG at major support of 5800 and a trend line from 2022
Nifty FMCG breakoutNifty FMCG breakout and the pattern is up flag/triangular pattern.
I will take trade using FMCG ETF (ICICI Prudential Nifty FMCG ETF (INF109KC19V3)
also one can find individual stocks from this index to trade.
Details:
Date: 21 Aug 2024
Pattern: up flag /triangular pattern
The current market
NIFTY FMCGIndex investing through SIP. FMCG index is avaiable at very low price. as we all know index is very safe. in sip it is very safe . i m going to sip in this index
FMCG...... DOES IT FIND BASE?The FMCG index shows deep correction, since past some weeks. Although Higher time frame looks bullish but lower time frame witnesses a series of Lower low and lower high.
Now The Index seems to form a base ,from where, we can see longterm buying opportunity in the sector.
TWO POSSIBLE SCENARIO
Nifty FMCG/Nifty Relative Strength Nifty FMCG/Nifty Relative Strength chart is exhibiting bullish push at the 200DMA. The price action on the relative strength chart looks bullish and we can expect bullish push from here toward the resistance zones marked.
Nifty FMCG Index ViewsAs disclosed in the chart drawing, the value area is marked herewith to show the buying interest which may or might turn out to be genuine index to be watched for study purposes.
Let's watch it for study.
END OF THE RETRACE MOVE FMCG index has given a good impulsive move and now it is at the end of retracement move, expecting the index to be BULLISH in the upcoming months if it gives any kind of reversal from the VALID DEMAND ZONE then can start to build long positions in the sector
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Displays a symbol's price movements over previous years to identify recurring trends.
