BUY CMP 202 ADD MORE AROUND 190-193 SL CL BASIS 185 TARGET 240-250
Look at yearly chart, stock has given tremendous result every years contentiously. No red candle since last 10 years. Currently i daily demand zone supported by EMA 20
Buy Britannia Between - 3605-3695 Strict SL - 3499 (DCB) Target - 4000/4300
it can go down in coming dAys targets are mentioned on the chart
Pattern breaking out from existing downtrend, currently in key support zone
THE VALUABLE COMPANY BABUR GIVE A BIG RALLY 500 TO 575. NOW IT IS IN REVERSAL SO NOW SELL THE DABUR. AND WAIT FOR SUPPORT THE FIRST SUPPORT IS 550 AND THE SECOND SUPPORT IS 339.
CNX FMCG is at weekly support, probability of reversal in FMCG sector is very high. HUL is at hourly support at 0.5 fibbo level. Entry around 2300-20 with a SL below trendline concludes a great RR ratio. Achievable targets can be 2500 zones. {ONLY FOR EDUCATIONAL PURPOSES}
Before the daily breakout, Monthly breakout has already happened at 7300 levels. Now with cup formation, a daily breakout has also happened which will help it to breach 8000 levels. Recommended for positional trade with a risk managing Stop Loss.
This is just a graph of sectoral indices have fared in the last 30 years or since inception. It's purely for educational purposes and not indicative of any suggestions.
I have tried to put notes on the chart basis current setup developing in Nifty FMCG and upcoming directional move. Looking at RSI and current move we could see more downside though Nifty FMCG is strong sector therefore it may follow cup and handle pattern before breaking out consolidation zone. Breakout in any directional will lead to a big move, though recent...
Look for a buying opportunity at 290 levels. With a reward to risk ratio of almost 1.7. Short term targets can be around 320. Great share for long term with excellent fundamentals! Keep on your radar.
DABUR is breaking out of the channel pattern and is likely to touch 600 in the short term.
Hindustan Unilever bounced from a very old and strong trendline a few weeks back and now has successfully given a string weekly closing above 2400. It is a sign of renewed buying interest in this FMCG major.
Buy Dabur At Cmp 560.7 Strict SL - 534 (WCB) Target - 605-610/640
After a steep correction from 800 in January till 650, it appears to have resumed its uptrend. The weekly Kumo bounce is activated along with a strong demand zone in hourly being observed today. It could do 750-775 with minor resistance around 730. View would be negated below 670
Stock has broken its Trendline and looks good to breach the resistance zone. Buy only if 30min/60 min candle closes above 3720 (resistance zone) Targets - 3780, 3880 and 4001
A beautiful Flag and Pole is clearly visible on the charts and Britannia loves this pattern as we can see from its history. It's a buy at current levels as well as on any dips for 4000-4500-5000++ targets in the medium term.