FMCG Bounced from Strong Support If FMCG Sector Break the Blue Line and Sustain above it
we can see some Up move or maybe All time High
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CNXFMCG trade ideas
Swing & positional trading opportunities for next week (27 dec)Here are a few stocks that have the potential to do well, in collaboration with @AVENUESOFINVESTMENT. You might feel that's a lot of stocks, but good stocks correcting a little has given birth to several opportunities. Also, the video cuts abruptly because TradingView has a 20 min max recording limit.
FMCG sector for next week FMCG sector has corrected from the all time high and now trading at daily support. Since this sector is very bullish in weekly and monthly timeframe , we might see the good bouce next week
Levels to be watched , focus for buy following stocks if this index trading above 39200, and can go upto 39900 /40300/41000
#PGHH
#ITC
#UBL
#DABUR
#EMAMILTD
#HINDUNILVR
#VBL
#BRITANNIA
#JUBLFOOD
#TATACONSUM
Nifty FMCGNifty FMCG At 200 EMA Support.
Bullish in upcoming days - Hindustan Unilever Limited , Tata Consumer , Dabur India Ltd and more.
Time Period 3 Months.
Nifty FMCG - long caution here - possibly an ABCDE near endCould be a terminal pattern - sharp drop ahead
Is FMCG is topping Out!FMCG is considered as a defend sector in any pandemic situation and it proved in covid situation. FMCG hold firm in COVID. and the sentiment is too bullish among retailers but the index is not showing any strength and even after covid recovery FMCG is still under performing.
Technically we can see RSI divergence in FMCG index and also on some weightage stock like HUL, Dabur, Nestle. Especially Dabur and HUL is forming a ending diagonal patter with divergence in RSI on weakly chart. we should be more cautious on these stocks.
As an investor we should have an eye on these stocks some good opportunity is on the way.
NIFTY FMCG - All time High Soon!!Nifty FMCG looking so good and it is verge of breaking ATH soon.
ITC is heavy weight stock in the index and it is about to post their quarterly results, if all things ends positively then you can see a big move in FMCG sector.
please read in given chronology one can start to accumulate fmcg stocks, after corona many things will change. work from home will be a real thing, new companies along with established companies will prefer work from home. this way they can suck blood of employee at any time( and this way IT companies also going to get benefitted ). they will save rent also. people at home will definitely going to order. companies like tata consumer , marico, nestle, britannia and many others along with itc going to get benefited in future.
Strong Buy level / Uptrend resumptionNIFTY FMCG: 10-11% upside potential.
Look for Swing buy in top 5 FMCG companies:
HINDUNI
NESTLE
ITC
DABUR
MARICO
DISCLAIMER: TRADE AT YOUR OWN RISK. KINDLY TAKE DECISIONS INDEPENDENTLY AND DO NOT CONSIDER THIS ANALYSIS A RECOMMENDATION.
Thanks.
Cheers to short term Investments!
Best, 'Siddharth Sehgal'
#srs #srsenrique #NIFTYFMCG #niftyfmcg #stocktraderchannel #siddharthsrs #nifty
Breakout Nifty FMCG INDEX👉 Breakout in Nifty FMCG index.
👉 Technically made a complex Continuation H & S pattern.
👉Watch on this stocks ITC,HUL,MARICO,GODREJ CONSUMER ETC.
CNXFMCG - BreakoutThe 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?
FMCGNSE:CNXFMCG
SOON TO BE PALAT TRADE
CONSOLDIATING AT SUPPORT
SHOULD BREAK UPWARD CAHNNEL IN COMMING WEEK
FMCG STOCK SHOULD START TO PICKUP PACE
VIEWS INVITED
