#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...
This is a swing or positional Trade.
you can exit in 2-3 weeks
if your targrt achived you can book some profits
and there is a breakout it would be great trade to hold because it would be on it's all time high.
and nifty is performing well so it could be a great a leading sector in some time.
#Happy_Trading_
ITC the heavy weight and is underperforming and now after taking support n times at 200/205 base zones and now above 208 resistance , it is trying to give signs of upmove greater than equal to 230++
and as results are done , chances are higher that ove shall suatin and stock shall participate in index upmove or atleast support the index going forward
#niftyfmcg FMCG sector potential "volatility expansion" on Bollinger band and "W breakout" pattern if breaks out of neckline
with momentum forming a" range shift" from sideways to bullish definitely a sector to watch out for.
