*Nifty India Consumption Index**The **Nifty India Consumption Index** reflects the performance of companies in India's domestic consumption sector, encompassing industries like consumer non-durables, healthcare, automotive, telecommunications, pharmaceuticals, hotels, media, and entertainment. citeturn0search0
As of **February
Consumption Boom: Tax Cuts Fuel India's Consumer Stock SurgeRecent trends in the Indian stock market indicate a significant shift from industrials to consumer-oriented stocks, particularly in sectors such as consumer goods, consumer discretionary, and automobiles. This change has been catalysed by the government's recent budget announcement, which included i
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
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Displays a symbol's price movements over previous years to identify recurring trends.