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Nifty FMCG Index

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CNXFMCG trade ideas

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.
NSE:CNXFMCGShort
by aroraanandg
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.
NSE:CNXFMCGLong
by Tradernawab