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Potential Long Sector Turnaround - Nifty FMCG Nifty FMCG has given a healthy correction of ~16% and is trading at a crucial make or break level. Its following a broadening channel pattern and has reached the bottom level of the megaphone channel, which gives a favorable risk/reward ratio to initiate a position. It has formed a head & shoulder pattern also, but its trading near the base of a major support level so the probability of this pattern turn around is low, this can potential lead to a trap which might be a favorable condition to initiate a long position, but as its a assumption position to be initiated with a strict SL if H&S pattern gets activated. Long Position can be initiated in FMCG ETF once we gets a positive close or early entry can be initiated maintaining a strict SL. Note: This is just for analysis purpose, please do your own research before punching any orders. 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView
NSE:CNXFMCGLong
by DebasisT
2
The Outperformer's Guide: Top Stocks from Each SectorThis analysis highlights key sectors and stocks to watch. 1. Nifty IT NSE:CNXIT ● The Nifty IT sector has demonstrated resilience during the recent negative market sentiments. ● Notably, it has formed a Descending Broadening Wedge pattern and expected to breakout soon. ➖ Stock to Watch - Coforge NSE:COFORGE ● The stock is currently trading just below its all-time high with a strong uptrend. ● Investors can consider accumulating shares on any dips. 2. Nifty Finance NSE:CNXFINANCE ● The Nifty Finance sector has recently breached its trendline support and is now approaching its next key support level, ranging from 22,500 to 22,700. ➖ Stock to Watch - Axis Bank NSE:AXISBANK ● The stock is currently trading at its support level, offering a potential short to mid-term trading opportunity. 3. Nifty PSU Bank NSE:CNXPSUBANK ● The Nifty PSU Bank sector has consolidated within a range and is nearing its support zone. ➖ Stocks to Watch - State Bank of India NSE:SBIN ● The stock is approaching its trendline support level. ● A buying opportunity may arise if the price reaches the 770 level. 4. Nifty Pharma NSE:CNXPHARMA ● After experiencing a downturn, the Nifty Pharma sector is now approaching its trendline support level. ➖ Stocks to Watch - Divis Laboratories NSE:DIVISLAB ● The price is overall in an uptrend. ● Following a record peak, the stock is now nearing its trendline support level. ● The best buy zone is between 5,500 and 5,600. 5. Nifty Media NSE:CNXMEDIA ● The Nifty Media sector is expected to witness a potential pullback towards the 1,720-1,760 level. ➖ Stocks to Watch - Network18 Media NSE:NETWORK18 ● The stock is trading just above its trendline support zone, presenting a short to mid-term trading opportunity. 6. Nifty Realty NSE:CNXREALTY ● The Nifty Realty index is currently trading above its support zone. ➖ Stocks to Watch - Oberoi Realty NSE:OBEROIRLTY ● The stock is trading at the support zone and expected to rise soon. 7. Nifty FMCG NSE:CNXFMCG ● After a downfall, index is approaching its trendline support level ➖ Stocks to Watch - Varun Beverages NSE:VBL ● VBL is trading above its support zone, offering a short to mid-term trading opportunity. 8. Nifty Metal NSE:CNXMETAL ● The Nifty Metal sector is trading above its support zone, ➖ Stocks to Watch - Ratnamani Metals & Tubes NSE:RATNAMANI ● The stock price has formed an Ascending Triangle pattern and is currently trading above the support level. 9. Nifty Oil & Gas NSE:NIFTY_OIL_AND_GAS ● The Nifty Oil & Gas sector is also trading above its support zone. ➖ Stocks to Watch - Aegis Logistics NSE:AEGISLOG ● The stock price is close to breaking through its trendline resistance. ● If it can maintain its position above this level, a rally may be imminent. 10. Nifty Auto NSE:CNXAUTO ● Lastly, the Nifty Auto sector is trading above its support zone. ➖ Stocks to Watch - Eicher Motors NSE:EICHERMOT ● Eicher Motors is consolidating within a rectangle pattern, indicating a potential breakout.
NSE:CNXITLong
by GoodluckCapital
2
OLECTRAOLECTRA - If you look at the history of the stock, there was a downfall from 2022 to March 2023, then the stock gave a breakout and a good move came, a similar pattern has formed Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:OLECTRALong
by AjayDhakad_Keep_it_simple
DALBHARATDALBHARAT - The stock is consolidating and trying to break the range. There is no possibility of much decline. As soon as it breaks the range, good momentum can be seen. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:DALBHARATLong
by AjayDhakad_Keep_it_simple
FCLFCL - Again back to same level 423 after take little dip.... expecting to move smoothly if market support...... Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:FCLLong
by AjayDhakad_Keep_it_simple
JKTYREJKTYRE:- Cup and handle pattern has been formed, breakout has also been given, volumes are also visible well. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:JKTYRELong
by AjayDhakad_Keep_it_simple
EDELWEISSEDELWEISS:- If the stock gives a breakout and sustains above 45.90 level, we may see a movement to the upside Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:EDELWEISSLong
by AjayDhakad_Keep_it_simple
METROPOLISMETROPOLIS :- After a huge fall, the stock has consolidated and has also formed a reversal pattern called Cup and Handle Pattern. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:METROPOLISLong
by AjayDhakad_Keep_it_simple
GRASIMGRASIM:- After this, a breakout is about to happen, the stock has been consolidating near the resistance for the last 3 months. If we get a breakout, we may see upside movement. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:GRASIMLong
by AjayDhakad_Keep_it_simple
IFCIIFCI:- Reverse pattern has been created on the monthly chart, you can also call it cup and handle pattern. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:IFCILong
by AjayDhakad_Keep_it_simple