Levels as mentioned on the chart with probable Price Action to follow.... FAILED HEAD AND SHOULDER
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Tata Consumer Looking Bullish....
As we can see it is respecting its trend line and taking Support again again .....
Now wait For Breakout Above 884 and closin g ...
As We can see it is taking support from its 50 EMA and respecting trendline.......
If in upcoming days any Momentum Comes in FMCG secto r then ....Look for Trade in it....
1)On Daily Time frame In past days it has already broken 21DMA and 50DMA and trading above it. Recently it is now in the critical zone of 1720-1730 level range.
In order to be it more bullish it has to surpass the immediate resistance of 1740 level with strong bullish candle.
Please refer below chart : Daily time frame. ...
As we Can See Dabur it at its previous Resistance Zone And Trying to Give breakout
if on coming sessions we see any Momntume above 618 then we can go long as of now FMCG sector is also strong
Buy Above 618.60
Target - 622/625
SL - Below Trendline Or Own SL
I think tommorow FMCG sector will lead ...Cause its chart patterns showing Strentgh..
But Market Is Supreme...
#daburindia weekly momentum at bullish support within trendline channel
weekly holding within a trendline channel since long
momentum and trend bullish on all timeframes. sector is bullish.
momentum taking support near 60 multiple times on weekly indicating a medium term range shift.
HINDUNILVR was in ascending triangle pattern since April 2020 and today it has given a breakout of the range with very heavy volumes.
Very good stock with strong fundamentals and has always been in uptrend. FMCG sector is the best defensive sector that one can buy when market is in correction.
One can easily expect 5-10% returns in short term as the closing is...
As We Can See Marico is on 200 EMA(Black) on 15Min Time Frame and took support and sustained above it so
if it cross 526 then One Can Add it For Target Of 545
On Daily Time Frame We Can See Strong Support is @ 513
Market Always Trade In Sector Rotation now this is time For FMCG Sector
Lets See What Happens ....
Beautifull Potential trades for my followers :)
This is just one view now U have them make good use of setups also some learning points and some good Risk to reward setups have fun and good trading day :)
Stock after the retracement can bounce back from this support area. Buy around 515-520 With SL Below 513 on a closing basis.
Targets will be 540 and 555 Great Risk to reward ratio for this trade and the FMCG sector can perform from here after a bit of retracement. Breakout from this level is needed RSI-based strategy.
Candle confirmation today buy if closes in...