Levels as mentioned on the chart with probable Price Action to follow.... FAILED HEAD AND SHOULDER Be Proactive Trader Better Insight, Better Trade Execution Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG'' "Always Respect Risk" Happy Trading Jai Hind
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.... Possitional Trade Buy...
Good counter to hold in your portfolio. Add fresh above 20400 closing for min 10-15% returns Place latest Low as a SL for safety
NSE: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. ...
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...
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...
Good volumes confirm the breakout. Wait for retest for a good risk to reward.
COLPAL - good candidate to short. Following parallel channel in Monthly TF. See chart for more details.
FMCG has turned positive which shows that in short term there is pain in market and clear defensive mode is on.
ITC can break 220 on upside in next few days...so August expiry may show 220-226, sl strict 207 on closing basis!
#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.
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 ....
#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.
A Bullish Pattern formation, in the longer time frame(weekly & monthly). The resistance line getting weak with repeated tests.
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 :)
Potential stocks for tomorrow :) and last LNa updates
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...