BIKAJI: Time for Accumulation?
⚡️Price Analysis:
1️⃣ Price testing strong Dz.
2️⃣ Price structure is bearish.
3️⃣ Price hovering near EMA - crucial for bullish momentum strength.
4️⃣ Volume declining during recent fall - potential exhaustion sign.
✨ Key Observations:
➡️ Strong Dz confluence at 700 (previous consolidation + moving averages)
➡️ RRR favourable at CMP.
➡️ FMCG sector & Pharma sector are showing higher relative strength than any other sectors currently.
➡️ Break below 700 could trigger a panic selling.
➡️ Need sustained move above 780 to reverse the current weakness.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 What's your view on FMCG sector? Share in the comments below! ✌️
🔥 Happy Trading!✅🚀
1️⃣ Price testing strong Dz.
2️⃣ Price structure is bearish.
3️⃣ Price hovering near EMA - crucial for bullish momentum strength.
4️⃣ Volume declining during recent fall - potential exhaustion sign.
✨ Key Observations:
➡️ Strong Dz confluence at 700 (previous consolidation + moving averages)
➡️ RRR favourable at CMP.
➡️ FMCG sector & Pharma sector are showing higher relative strength than any other sectors currently.
➡️ Break below 700 could trigger a panic selling.
➡️ Need sustained move above 780 to reverse the current weakness.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 What's your view on FMCG sector? Share in the comments below! ✌️
🔥 Happy Trading!✅🚀
Anubrata Ray ⚡
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