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FMCG

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
Marico BuyStock 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 green candle today bullish harami pattern is forming on the daily chart. Support and resistance trading You can visit my ID for similar charts shared priorly and see results.
NSE:MARICO
by Pro_Trader_GRV
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