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FMCG

Tata consumer product analysis.After sharp fall in NIFTY FMCG, finally it show some support in previous two days. Now, We can go long in Tata consumer and the reason for that is :- 1.> Taking support from long and major trendline. 2.> Support from fib 0.6 zone{if we calculate from previous trendline support} also support from fib 0.5 {when calculating from the resent zone}. 3.> A good consolidation at trendline area. Conclusion :- If price break -ve trendline with good volume, go for long.
NSE:TATACONSUMLong
by i_lokesh
1
GODREJCP, long position. Positional Target 1200/-Looking at the FMCG sector and the overall market scenario, Godrejcp is a good bet, as it is underperforming amongst it peers which are already making all time highs. It is widely known, that if and when the market gets greedy FMCG sector is a safe place to invest in. Hence, it will be one of the factors that will give it a decent move and support in case the market goes for profit booking. Right now, CMP is 1055/-. And the stock is trading at the edge of a continuous parallel channel and has a strong support at 1020-1030. Positional trade for a month is recommended for the TARGETS OF 1200/- (within 3-4 weeks) with a SL of 1022/-. INVEST WISELY.
NSE:GODREJCPLong
by ashu1111111111
Simple Trade Setup | COLPAL | 06-09-2021NSE:COLPAL Observations: 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. ------------------------------------- Trade Setup for Date 06-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:COLPAL
by Trading_hawk
Big breakout in Hindustan Unilever(HUL)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 above 2600 which is another positive sign for the stock. It might even try to retest the breakout levels of 2540-2550.
NSE:HINDUNILVRLong
by chartistamey