COLPAL shows positive indication but be cautious on triangle breakout.
disclaimer: this image is only for the educational purpose don't take as a recomendation, for the investment please approach financial planer.
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I have a negative bias on the FMCG sector this week. Marico has been in a strong uptrend on the 15 min chart, using the 200 Bollinger Bands, its visible how the price is moving very very close to the upper end of the Bollinger range.
The strategy is to capture the decline from the current highs. The previous high is the first target at 351 and second target at...
FMCG sector was in consolidation last 3 weeks. Now it is at good level. it may breakout from the range.
Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets short of CHIPS...!!
By using Butterfly strategy, Dabur is bullish.
also slowly Covid cases decreases, i.e. recovery rate increases.
so dabur india go up direction.
Daily MACD show bullish,
14 days RSI 51 , so it also bullish.
dabur target 500+ in july
FMCG Stocks are considered to be the defensive stocks, i.e. they work when others don't. That's what might happen now as all other sectors seemed to have work but HUL hasn't participated much. HUL has consolidated at lower levels and it seems to be consolidating right now as well.
Technically also it looks like a good bet. Technical factors are:
Britannia broke Resistance @ 3260 and moved swiftly to 3400 and closed below Resistance level of 3395. Considering current scenario if will be hard to brake 3395. If it is able to hold 3393 it will gain 60 points before starting downward journey. If it is not able to hold 3395 britannia can be a perfect short for target of 3100