HINDUSTAN UNILEVERIt has activated an Ichimoku C Clamp which is suggesting a retest of 2175. View would go wrong if it trades above 2425.
FMCG
Brittania BuyFollow the charts...
Oi shows bull...Channel topline target...
Play accordingly based on nigty movement...
ITCIt has formed a Bearish Harmonic Gartley which coincides with the Weekly/Monthly Ichimoku resistance alongwith highest OI in 200CE, It could retest 175/165. View negates above 196
dabur india with good fmcg agin making life high , this too is a candidate for the same ..
but !!!
as the rally was one way up , it should retrace back to 480 ..465 for fresh move around 500 and then to 520 oe even new life high
i will remain positionally bullish , but not foolish enough to buy at any price , will wait and watch to buy in zone 468 to 478 for 500 & new life high as lng as 460 hold on closing basis
Nifty Fmcg , nestle india , Hul , dabur !!!!currently bearish , looks weak ahead , can form low higher pattern from here
Currently add some valuable stock in the watchlist for the long term , wait for the reversal then invest. Avoid fresh buying.
Huge Short expected very soon in Hindunilever Hindunilever looks overbought from current zone 2154, I am expecting downside for target 1650,1500 and some more. Almost FMCG sector is looking weak. But i am personnely confident on HUL. NSE:HINDUNILVR
ITCIn daily time frame ITC has made a Bearish Island Reversal. Even though the impact of this set up usually works after an uptrend, we cannot ignore the repercussion in the current scenario. Until it does not negate the bearish pattern AT 165 upside looks difficult. Above that a short term move till 200 where it has a massive monthly and weekly resistance. Downside levels per monthly chart time frame are 120 and if that fails to sustain the next major one is near 65.
MARICO Long TradeThis is follow up on my FMCG post
Marico looks good for 370 level. Good risk reward trade.
CNXFMCG looks positiveFMCG sector has been a laggard for lately, It's slightly negatively correlated with the benchmark Nifty.
It seems to have broken out of the downward channel and could shoot up quickly.
Tata Global, Godrej Consumer Products and Marico are some prominent stocks.
I particularly like Marico for this set up. Posting the Marico one soon.
In addition, if the negative correlation holds up, Nifty may have its upside capped at the very least and more likely some correction in near future.
Avenue Supermarkets - study - Buy on dips upto 1784Avenue supermarkets near resistance zone of 1915, close above 1916 will open for more upside. Targets Open.
The stock has bounced from its low of previous gap up bottom(low) of 1784 and bounced upto 1900 with good volumes on 17th Dec. The stock has turned bullish. Keep an eye on #Dmart above 1915 Targets open. Stoploss : 1700
Marico - approaching long term moving averageMarico
Price are just above weekly trend line and RSI just above it's support and moving towards oversold zone on weekly chart
Prices have broken mid term moving average and daily trend line, making 370 - 380 as supply zone which can be clearly seen in daily chart.
Bullish Shark pattern observed with PRZ btn 330 - 316. Also this zone is area of long term moving average. If price happen to test this zone and long-term moving average this shall be happening after almost 10 yrs, last test for long term moving average was around 2009.
Looking at consumption story and company fundamental this could be good time to add if protfolio for decent return in long term.
Consultant ur financial advisor before taking any investment decisions
whirlpool india hey everyone
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