Patanjali has given a BO of ascending triangle and has taking support of 200EMA. Given the FMCG space, this is looking for a good run. Other factors:
1. Turnaround story from a dead loss making Rushi Soya to a big name in FMCG sector
2. Venturing into unexplored insurance business by acquiring Magma General Insurance
3. LIC increased stake to 7%
4. Tax reduction from 1 April 2025 onwards will result in high disposable income and FMCG sector which is more dependent on domestic demand and hence no impact of tariffs will take lead
5. Support of 200EMA
6. Consolidating in a range from quite some time.
Keep following Cleaneasycharts as we provide Right Stocks at Right Time at Right Price!!
Cheers!!!
1. Turnaround story from a dead loss making Rushi Soya to a big name in FMCG sector
2. Venturing into unexplored insurance business by acquiring Magma General Insurance
3. LIC increased stake to 7%
4. Tax reduction from 1 April 2025 onwards will result in high disposable income and FMCG sector which is more dependent on domestic demand and hence no impact of tariffs will take lead
5. Support of 200EMA
6. Consolidating in a range from quite some time.
Keep following Cleaneasycharts as we provide Right Stocks at Right Time at Right Price!!
Cheers!!!
Trade active
Patanjali heading towards our first target..Cheers!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.