Trying for ATH?
Slowly going past all time high. Clear break out can take the price to 3000/-.
Upcoming +ves are companies say rural spends starting to raise slowly. Festive seasons.
Near term -ves are Fed rate cuts and profit booking.
I already invested from 2400 levels. Not taking any trade. Will add if price falls to 2400-2500 again. Only until fundamentals doesn't change.
Keep an eye on Adani Wilmar , Marico. Oil sales go up during festive season. Don't have to take trade in these. Observe the moment/trend then apply it in future.
Upcoming +ves are companies say rural spends starting to raise slowly. Festive seasons.
Near term -ves are Fed rate cuts and profit booking.
I already invested from 2400 levels. Not taking any trade. Will add if price falls to 2400-2500 again. Only until fundamentals doesn't change.
Keep an eye on Adani Wilmar , Marico. Oil sales go up during festive season. Don't have to take trade in these. Observe the moment/trend then apply it in future.
Note
HINDUNILVR - Touched Lifetime high today. I am at 21% profit. Hoping for 50% profit .
Keep an eye on Nestle India also. FMCG sector stocks are rallying but Nestle India is still at same place.
Note
Still holding.
It reached 2500 levels. Buy GTT @2450/- did not trigger yet. Since sector is in downturn, price may come down, reduced qty in GTT, manually enter when opportunity presents.
Points to Buy
Good Company. Good Corporate Governance. Good Dividend. Expecting good dividend from Kwality Walls divestment , have to wait till December to know more about the news.
Points to Ignore
Low demand. Inflation high. Bad sentiment in FMCG sector can take the price to low levels..
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