#CNXFMCG Trend: The index has aborted its recent recovery rally after establishing a lower high at 51,467.65, sliding back into a dominant short-term downtrend on the daily chart.
Price Action: A sharp bearish candle fell -1.51% to close at 49,383.35, slicing cleanly through the 49,843.95 support le
Nifty FMCG Index
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Mono wave due Pattern This segment has entered in Bearish Trend , despite its in Bearish trend its moving up for
Counter move
One of the best method is to isolate Noise & Identifying the single Mono wave
This is one of the Example of How Correction are divided in to 3 Parts
Single Mono wave as Impulse
Complex s
Opportunity in the FMCG spaceNifty FMCG CMP 54966
Investors
Elliott - the current consolidation is a corrective pattern called the flat. In my view it is over. This also completes the wave 2 correction. Now the 3rd wave will start from here. We know how strong 3rd waves are.
Fib - the correction to 50400 halted at 50% f
FMCG – Daily Chart Update Price action has formed a large inverse head-and-shoulders base with neckline near 58,000. A sustained breakout above this zone could open a measured target toward 66,400 (+14%)
Sector Seasonality
Sept–Oct: FMCG often benefits from festival-driven demand (Ganesh Chaturthi to Diwali).
Q3 (Oct–Dec):
NIFTY FMCGNifty FMCG sector looks strong, might give an upside move in coming days. Add it to your watchlist.
Which FMCG stock are you tracking? I’m eyeing VBL .
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in.
CNXFMCGThe FMCG sector has been in decline for the last several months but was also trying to give a good recovery. What happens is that if you fall halfway and come back, you feel a lot of trouble, and if you are not able to go above the level, the trouble increases.And that same problematic level takes y
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Displays a symbol's value movements over previous years to identify recurring trends.









