NIFTY FMCGIt making higher high now. If long is initiated in good stocks then there will be good risk to reward ratio
CNXFMCG trade ideas
CNXFMCG Perfect breakoutCNXFMCG gave a perfect breakout.
hope you have added FMCG Stocks in your basket.
FMCG Wave PartyNifty 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 CP, Marico, HUL my favorite.
Inverse Head & Shoulder Formation on NIFTY FMCG IndexKeep Accumulating FMCG Stocks. Tata Consumer Best Pick.
NIFTY FMCG all at decadal low compared to NIFTY 500Monthly 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
THE RELATIVE STRENGTH OF NIFTY FMCGThis 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.
FMCGFMCG may be turning up right now... Lower low formation is there.. Higher high will confirm the trend
Where does the FMCG sector stands technically?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 like the earlier 2 opportunities it would take another week or so to retry to breakout.
Nifty FMCGSeems 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 INDEXFMCG 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 have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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NIFTY FMCG Breakout and RetestNSE: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 .
nifty fmcg look bullish above 35440in this falling market, FMCG has a group of stocks that are value stocks as well as whole market is shifting from growth stocks to value stocks.
Nifty FMCG - Trend Analysis and Future Movement PredictionI have tried to put notes on the chart basis current setup developing in Nifty FMCG and upcoming directional move. Looking at RSI and current move we could see more downside though Nifty FMCG is strong sector therefore it may follow cup and handle pattern before breaking out consolidation zone. Breakout in any directional will lead to a big move, though recent performance of FMCG stocks are pointing that index may recover and breakout towards up soon.
Please do share your comments and insights to make analysis better. Any feedback is welcome.
