HUL weakly chart observing a diagonal paten with divergence in RSI. should be careful on this counter.
this is a update of FMCG view which i post earlier.
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...
I believe that SGX nifty is on his fifth wave. Global news are positive as of now.already US market recovered and in positive for the year. so far SGX nifty is under performing. banking sector is the main reason to drag the nifty down. most of the banks in nifty index are corrected and in over sold position in last 2 weeks. on following weeks banking sector join...
USDINR is on the final wave on weekly chart. Should wait for the breakout for shorting. On long time view expecting to fall down. anyway we have time for this to happen.
