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...
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_
Nifty FMCG Complete trend Complete trend of nifty FMCG ....... Primary Trend Rising Wedge.....
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
Buy between 410-420 for a target of 460 in short term
In recent times, took support multiple times at 2320-2330 levels. Likely it will bounce back from here, should see 2500 level soon.
Only consider buying at 50EMA(blue line) support and ride the trend
Nestle India Range Breakout Buy Nestle Closing Price - 17649 Strict Sl - 17300 (Day Closing Basis) Target - 18600
Cup and Handle breakout done, Initiate long Hold for target of 630 RSI at levels of 67