It is again on good support and is reversing from here. You can Initiate Buy in this Stock for short term and long term as per your comfort. Stop loss is below the trendline if 1 hr candle closes below it with good volume otherwise the uptrend is intact in this
Please see the chart for the levels. You can go long in FMCG stocks like ITC, Britannia & Hindustan Uniliver for small stop losses.
Will be sharing the charts of ITC, Britannia and Hindustan Uniliver for more clarity
the fmcg sector is trading in the range of 34000 and 35000 from many days...now it is approaching the support zone of 34000-34100. below 34000 more pain can be seen . however fresh bullishness is only above 35000
The analysis is given on the chart
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Price -1592.10 Dt. - 07-01-2021
Stock is moving in an uptrend from late September and provided roughly 10% profit every month. The stock has given the closing below the resistance line of 1597.10. We are expecting the stock to take the support of 21DEMA and start moving up. RSI is neutral. If stock starts moving up from the next trading session can it can go near...