Consumption & Discretionary theme seems to pick-upIn the last 2–3 days, consumption-related sectors such as automobiles, real estate, FMCG, and banks have risen — indicating expectations of increased consumer spending in these areas.
Related indices
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
Elliott Wave Analysis of FMCG Sector CNXFMCG3rd wave up to start
2nd wave retracement almost done
This might be one of the sectors leading the next bull run.
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
Good time to accumulate FMCG StocksFMCG Sector forming an inverse head-and-shoulder pattern, might be a good time to accumulate the following stocks
NSE:COLPAL : Respects its 200 (Week) EMA, though we can wait for it to get above 200 (Day) EMA.
NSE:DABUR : Just regained its support and it is above 200 (Day) EMA i
NIFTY FMCG After a long dull performance, FMCG sector is ready go up. The latest quarterly update from Dabur, Marico and Godrej consumer shows demand growth is coming back. This is positive trigger and this is why almost all FMCG stocks are gainers today. The red line is the target point for the short term per
NIFTY FMCG ( Below 50 EMA)Hello Traders !
After a bearish move close below 50EMA, 55646
The NIFTY FMCG price test the 50 EMA line ! Now near close below the line. If here create next red candle this level. So, I expect a bearish move in FMCG sector.
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Displays a symbol's price movements over previous years to identify recurring trends.
