Please see the chart for the levels. You can go long in FMCG stocks like ITC, Britannia & Hindustan Uniliver for small stop losses.
Will be sharing the charts of ITC, Britannia and Hindustan Uniliver for more clarity
NIFTY MEDIA | Finally the sector is recovering
Wouldn't be surprized if SUNTV, ZEEL doubles this year from this level ( Attaching those charts in comment)
SUNTV : 553 (CMP)
ZEEL : 216 (CMP)
-Pharma sector yet to rally more upto 12000, 12900, 13500
-Also it is considered as defensive sector like IT
-Currently bank nifty weightage is decreasing and pharma is having only 3.2% weightage it can go upto 5-6%
Sector is Weak. Nifty is down. Trend is down. Analysis is poing towards short. Everything is set. short it and book your profit according to my target. #Illuminati.
Double bottom formed in reality sector.
W pattern or double bottom formed exactly near 0.5% retracement level
Same bottom formed in 2 times..
Very bullish sign. we can go long with same keeping same low as stop loss i.e 251.
Risk reward ratio is awesome here
In weekly, after a strong uptrend, head & shoulder pattern formed then price broke the neckline and pattern confirmed.
Bolinger band is in downtrend and price is pushing the lower BB downwards.
So we can see selling pressure in metal stocks like tatasteel, hindzinc, welcorp, hindalco, vedanta etc.
After the recent correction in feb and mar month, most of the sectoral indices showing hidden bullish divergences in weekly time frame. They are:
small cap
mid cap
realty
energy
commodity
consumption
service
So we may expect a good recovery from the current dip and continuation of the medium term...
