After a drop of 14% in price, now a morning star pattern is formed on a support level.
The price could test the level of R1-170.45 and if broken then we see the level of R2-175.40
CMP : 164.20
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Gokul agro has tested level of 150 multiple times in last couple of years.
Stock has managed to break the level now with heavy volumes.
Stock can be accumulated for big returns in future, more than 2x.
Stock is available at decent valuations currently.
However, stock comes under high risk category so safe investors should stay away.
However, such breakouts...
Godrej Consumer Products Limited is an Indian Multinational consumer goods company based in Mumbai, India. GCPL's products include soap, hair colourants, toiletries and liquid detergents.
It is one of leading FMCG firms in india as well as globally, their range of product mainly covers shampoo, hair colours, grooming kits.
1.5 billion people globally use Godrej...
Hello friends,
In sector #FMCG sector will going to rock soon.
as #Britannia stocks has just breakout with superb move of 400 points in single day. Now it consolidate and soon it looks to break again and may give same move of 300-400 points.
Keep this stock in your tracking list and do your own analysis for this stock and participate on your risk management...
Colgate-Palmolive Company is an American multinational consumer products company headquartered on Park Avenue in Midtown Manhattan, New York City. The company specializes in the production, distribution, and provision of household, health care, personal care, and veterinary products We do see a good breakout as cup n handle pattern.
CMP : 2870 on closes basis
SL...
This is a Weekly chart. Here are some observations:
1. Price has been in a downtrend since Oct 2021 forming a large cup potentially finishing around Jun 2025 with neckline at ₹650
2. The red trendline still has to be broken to officially get into the uptrend
3. The recent green trendline has been breached following the healthy Quarterly results posted...
A good Cup & Handle breakout along with good volumes.
A breakout above 260 will open doors for 400 and 525 levels.
Stop Loss @ 208
Along with Cup and Handle its also created double bottom !
Sapphire foods looks good for a reversal. Pattern will be invalid if it closes below the trendline/ Zone. Target: 1450-1500-1530-1580-1650
NOTE: I'm not a SEBI REG. Study before investing.
NSE:PATANJALI Good opportunity to invest in Patanjali Foods Ltd.
Place your orders after Breakout of the resistance line.
POSSIBLE BUYINGS-----
Case 1:
Buy : After breakout of resistance line @ 1050.
Stop loss : @995
Case 2:
Buy: At channel support @950
Stop loss: Below @900
Reasons to buy:
1: Patanjali foods is following a rising...
- The FMCG Update followed my path exactly as planned
- Now what do we do?
- Kindly stay fiat or cash and understand that being a Perma Bull in this market won't help at all
- If you want to invest long term wait for a major crash
- Nifty FMCG did play out exactly the way I had forecasted and now it's following my path.
- FMCG stocks can witness a good retracement and I think this isn't the right place to add them as well
- For any long term Investments better try understanding the fact that catching a bullet train in the middle won't help you in gaining money it will help you more in losing.
FOODSIN is at 52 Week high and the pattern in RSI is bullish. One can enter with a tight SL of 7-10% with 18-20% minimum gain.
Targets: 227-240-250-263 | SL: 183
Logic: Inverted head and shoulder formation in weekly chart
Weekly closing above 630 will be a confirmation of breakout
Levels mentioned on chart. FMCG sector has started to gain momentum.
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And a happy new year to all my viewers. Hope you all have a prosperous & profitable year ahead!
Marico has been been taking support near 520 levels in the recent past and has given a good breakout on 17th Nov of the short term wedge pattern it formed. Also it is trading above 200 MA and all these factors are suggesting a good potential upside in Marico with SL of 505/- on the closing basis.
