End of Impulse:Time for Wave 2 correction of higher degreeCNX CONSUMPTION has been out performing broader markets on the back of impulsive move that price has shown.
Following are the reasons for considering current rise an "Impulse"
1)Wave 2 has not retraced more then 61.8% wave A
2)Wave 2 has taken equal time as wave 1 took to form
3)No part of wave 3
Nifty Consumption Index Technical AnalysisIf this index H & S breakout happen and sustain above neck line we show a big move in this below stock. watch below stock after index breakout.
Nifty Consumption INDEX
Alkem Laboratories Ltd.
Apollo Hospitals Enterprise Ltd.
Asian Paints Ltd.
Avenue Supermarts Ltd.
Bajaj Auto Ltd.
Berger Paints I
CNX Consumption looks good in short termStocks like Voltas, Havells, Marico, Bharti Airtel, Nestle, UBL, Asian Paints, ITC, Dabur, Titan United Spirits, Zeel, HUL, Colpal, Apollo Hospital etc are part of CNX Consumtion. CNX Consumption can give 5% upmove.
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Displays a symbol's price movements over previous years to identify recurring trends.
