Sapphire foods looks good for a reversal. Pattern will be invalid if it closes below the trendline/ Zone. Target: 1450-1500-1530-1580-1650
NOTE: I'm not a SEBI REG. Study before investing.
NSE:PATANJALI Good opportunity to invest in Patanjali Foods Ltd.
Place your orders after Breakout of the resistance line.
POSSIBLE BUYINGS-----
Case 1:
Buy : After breakout of resistance line @ 1050.
Stop loss : @995
Case 2:
Buy: At channel support @950
Stop loss: Below @900
Reasons to buy:
1: Patanjali foods is following a rising...
- The FMCG Update followed my path exactly as planned
- Now what do we do?
- Kindly stay fiat or cash and understand that being a Perma Bull in this market won't help at all
- If you want to invest long term wait for a major crash
- Nifty FMCG did play out exactly the way I had forecasted and now it's following my path.
- FMCG stocks can witness a good retracement and I think this isn't the right place to add them as well
- For any long term Investments better try understanding the fact that catching a bullet train in the middle won't help you in gaining money it will help you more in losing.
FOODSIN is at 52 Week high and the pattern in RSI is bullish. One can enter with a tight SL of 7-10% with 18-20% minimum gain.
Targets: 227-240-250-263 | SL: 183
Logic: Inverted head and shoulder formation in weekly chart
Weekly closing above 630 will be a confirmation of breakout
Levels mentioned on chart. FMCG sector has started to gain momentum.
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Marico has been been taking support near 520 levels in the recent past and has given a good breakout on 17th Nov of the short term wedge pattern it formed. Also it is trading above 200 MA and all these factors are suggesting a good potential upside in Marico with SL of 505/- on the closing basis.
NSE:JUBLFOOD
Trendline breakout in Jubilant foods.
Good to buy at the level of 500.
Stop Loss below @ 450.
For the Targets of 550/625/700/800/915+++
Reasons to buy:
1: Breakout of the long term Trendline.
2: Good Support form the bottom range of 420-450.
3: Just cross the 100 days moving average.
4: Breakout with good Volume.
5: Good RISK to REWARD...
Chart type - Heikin Ashi
Time frame - Weekly
Indicators Used:
1. Moving Averages
2. Fibonacci Retracement: Marked by Swing Low of 503 and Swing High of 597
Analysis Notes:
1. The price has successfully tested the retracement level of 50% which is at 548. Now the price has given the breakout of its retracement level of 38.20%.
2. The ...
It's just giving a breakout and forming Cup and Handle pattern.
Take a long until the quarterly result shows strong growth.
Bikaji Foods International Limited is one of India's largest fast-moving consumer goods ("FMCG") brands. The company's product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other...
NSE:ITC
ITC Limited is a holding company engaged in the marketing of fast moving consumer goods (FMGC). The Company operates through four segments: FMCG; Hotels; Paperboards, Paper and Packaging; and Agri Business.
TTM EPS: 12.01
TTM PE: 21.40
Sector PE: 23.75
Book Value Per Share: 47.87
P/B: 5.37
Face Value: 1
Mkt Cap (Rs. Cr.): 316,769
Dividend...
📊 Pattern: Symmetric Triangle
📌 Symbol/Asset: Hindustan Unilever
🔍 Description: FMCG Giant is moving in well-defined boundaries of a symmetrical triangle, a breakout may occur now or possibly after another leg.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing...
