Nestle India Range BreakoutNestle India Range Breakout
Buy Nestle
Closing Price - 17649
Strict Sl - 17300 (Day Closing Basis)
Target - 18600
FMCG
16/05/2021 Research Report For Hindusthan UnileverBuy @ C.M.P (CURRENT MARKET PRICE)
Sell Target 1: 2400
Sell Target 2 :- 2425
NESTLEIND - Refusing to go down. NESTLEIND - refuses to go down. Below 17500 shows a weakness further. But strong upmove today followed by couple of buying sessions should start pushing towards 52 week high
DaburStrong Fundamentals
good for longrun, portfolio pick
Technically Breakout on Charts Cup n Handle pattern
Looks good for initial Tgts of 600 620 640++
SL 560
DABUR: Cup & Handle Bullish BreakoutClassic cup & handle formation on daily time frame , with a breakout above the neckline of 579. One should buy the stock on cmp i.e. 585 & add on dips . Maintaining a SL of 562 target for the region of 612 as a first tgt & 640 for the second tgt.
ITC Symmetrical Triangle PatternITC is on support level.
can buy ITC for breakout on weekly time frame
ITC Bullish View ShortTermLooking Bullish Broke Trendline in Last Session ...
Buy Above- 204
SL-202
Target-207/210
if sustain above this then can test level of 216
Dabur Breakout - RepostDabur Good Breakout
Buy Dabur
Closing Price - 566.45
SL - 518 (Weekly Closing Basis)
Target - 700
ITC at a crucial point yet againOne of the most talked-about stocks of the Indian markets, ITC, is at a crucial zone yet again. 200DMA + 200 psych level + support zone + RSI40.
It's retested this level 9 times but is forming lower highs. Will be interesting to see if we're able to see a bounce this coming week...
Marked as a 'Long' with a stop below 200DMA, roughly 4-5%.
NIFTY FMCG all at decadal low compared to NIFTY 500Monthly ratio chart of Nifty FMCG to Nifty 500 is at 10 year low, will it go below this or bounce back needs to be seen in coming 2-3 months. RSI also not encouraging
Tata consumers can go up as it respected the trend lineThere is a trend line connecting October 21st 2020 and 19th March 2021. If you extend it, we can see it has supported the current retracement from 7th May 2021.
According to the fib retracement levels, entry is above 652 .
First and second targets are 670 and 690 respectively.
(Though Tata Consumer Products declined 6% on weak operational performance in Q4, it took support on the trend line and it is gradually picking up the pace.)
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DMARTTriangle may be broken on upside.. Either can be bought at support line after showing reversal sign or can be bought at breakout of triangle
Where does the FMCG sector stands technically?I just posted a chart on HUL making a descending triangle pattern and will try to link that idea to the sector chart.
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As we can see the CNXFMCG tried to breakout of the previous resistance and failed to do so. With tata consumer rallying recently , HUL could follow the suit and FMCG sector could push out to make new highs in coming days. IF it fails to sustain like the earlier 2 opportunities it would take another week or so to retry to breakout.
$COLPAL - Cup and Handle Breakout- Amazing Breakout pattern - Cup and Handle
- Increase in Volumes with bullish momentum in price
- Entry can be made if it retest the 1680 levels
- Don't chase the stock
Good opportunity for medium termMcDowell looks good here at CMP with R:R ratio of 1:3 for short to medium term. One can manage his position as per the charts provided.
Nestle India - Intraday | 20th MayStock has made a bullish candle on daily breaking the Trendline.
Looks good above 17525 for targets of 17650, 17700 and 17750
P.S. Stock might re-test TL before again moving up, keep in radar for next few sessions
