FMCG index structure of fmcg gap , support , resistance , parallel channel all been shown in the chart
BRITANNIA
ITC
HUL
COLPAL
DABUR
CHECK ALL OUT
FMCG
NESTLE positional trade setup (beyond technicals0positional setup in nestle and as i written BEYOND technical analysis that truly means its not only about technical analysis and has certain fundamental things logically taken into consideration !
educational purpose only
Positional setup 4 HUL positional sell setup for hul with sl around 1720/25 zone with targets around 1550/1500/1395/1284
Britannia Double Bottom & SupportBritannia may have found its support around 2630 making a double bottom.
ITCITC has brocken out of the channel where it was trading for quite a some time. Stock has already tested the upper boundary indicated by blue line(positive sign), once stock goes above green line then it becomes potential buy. Wait for stock to break green line.
Jai Hind
Britannia Britannia has just hit it's long term support trend line and stock has always respected it in the past, plus there is contraction in price movement confirming to triangle. Stock is consolidating about 38% fibonacci retracement level. All factors are indicating a big potential move.
Jai Hind.
Godrej Consumer1) Triple bottom
2) RSI divergence
3) All consumption stocks have bottomed out
4) SL 660
Getting ready for a triple bottom ???Another one from the FMCG pack..Keep an eye on this one.
Possible triple bottom with triangle pattern!!
COLPAL ...WELL BACK AFTER A LONG TIME ... COLPAL I FEEL A GOOD SELKL CANDIDATE INB RISK REWARD TERMS
BATA - Trendline BreakoutBata broke the trendline it has been following for past few months and closed well below it.
Sell on a pullback towards 1135 areas with a cksoing stoploss above 1159 Target 1084
Page Industries1) Average results - P/E at 80x
2) Making lower highs and lower lows
3) Sell below close of trendline low
NSE FMCG - monthlyThe log-normal monthly chart of NSE FMCG. The price action broke out of blue parallel channel and since then trading in narrower and steeper yellow parallel channel.
UBL Retests Bearish H&S necklineThis is a 45 minute chart of UBL.
Stocks formed a bearish Head and Shoulder pattern at higher levels and broke down. Now its retesting the neckline at 1364 levels which may be a good selling opportunity.
Sell UBL at around 1360 with a closing stoploss above 1375 targets can be 1284 and 1256.
