descending triangle and fib on 61.8 level,,,,,great area of interest..
Stock is at a critical point where it has held its 20 DMA support and at the verge of breaking out of the channel. A good entry point with 52.5 as SL for targets 65.5/79/97 Possible resistance levels have been mentioned in the chart. Disclaimer : For study/discussion purpose only, not a trading recommendation.
Price has been continuously closing above 20 day SMA for last 4 candles (green line on chart). MACD line (green) crossing above Signal line (red) in oversold zone. Increasing average volumes.
Inverted cup and handle formation happening and will be confirmed when stock breaches 58.
FCONSUMER has seen recenlty gap up above 57-to 69 Stock has seen in consolidation range 62-69 stock is ready to move above 75-90 leves in 1-3 month buy on deeps
FCONSUMER look good at CMP 68 and add on deeps upto 62 for long to medium term view.
Fresh TGC Gapup Volume Support CCI (D/W/M)>100 H>69.75 C>67.85 with strength needed Target 91 Duration: Around 4-6 weeks
Buy FCONSUMER above 64 T1: 69 T2: 74 T3: 80 SL: 59
Hi, Stock is making a descending triangle pattern giving a sell signal. One can sell Future Consumers Ltd, CMP 59.75. Stop of this trade will come @ 64 RS and one can target 48 RS. I am not SEBI Registered analyst. All posts are for educational purposes. Non advisory, Discretional . No claims, Rights Reserved. I am not responsible for any loss
Stock taking support at 55, and on daily chart stock reach to 60 from support. We think that stock can go upto 67 and their is resistance at that level. If that resistance broken with good volume then further move will see.
ENTRY-64.70 TARGET 1-80 TARGET 2-90.