#niftyfmcg FMCG sector potential "volatility expansion" on Bollinger band and "W breakout" pattern if breaks out of neckline
with momentum forming a" range shift" from sideways to bullish definitely a sector to watch out for.
Nifty FMCG index is outperforming the index on broader sense with its second continuous wave as we can see through PSAR. As what I have observed that that PSAR detects the trend much earlier either before the RSI or the MACD and HUL is the trend setter in the falling apart markets where the markets are falling its standing strong. Best to buy Tata Consumer, Godrej...
Monthly ratio chart of Nifty FMCG to Nifty 500 is at 10 year low, will it go below this or bounce back needs to be seen in coming 2-3 months. RSI also not encouraging
This is Post 7 out of 7 in an exploration of an investment strategy known as top-down investing.
This comparative chart showcases the relative strength of all of the companies that the NIFTY FMCG Index comprises as of 15th June 2021.
Here, I am looking to identify the companies/stocks that are outperforming/leading the index.
I just posted a chart on HUL making a descending triangle pattern and will try to link that idea to the sector chart.
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As we can see the CNXFMCG tried to breakout of the previous resistance and failed to do so. With tata consumer rallying recently , HUL could follow the suit and FMCG sector could push out to make new highs in coming days. IF it fails to sustain...
Seems FMCG sector has given a breakout on the upside from the ascending triangle. Longs can be initiated by keeping a stop loss of 35000 on closing basis.
FMCG INDEX AGAIN SEEMS TO BE REACHING THE SUPPORT FROM WHERE IT BOUNCED BACK....
KEEP AN EYE ON FMCG STOCKS FOR MORROW AND NEXT FEW DAYS, MIGHT FIND SOME GOOD OPPORTUNITIES.
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Hi all,
Its pleasure to have you all here.
I...
NSE:CNXFMCG had formed a triangle and has given breakout now.
The Restest of an important level has been done so we can expect the index to go up.
Keep eyes on NSE:ITC , NSE:NESTLEIND , and NSE:JUBLFOOD .
Britannia up from the ABCD Bullish harmonic pattern on spread chart. Looks like bottom is made around 3400. It can move towards 4000+. FMCG index at a critical juncture but can prove to be a dark horse.
