FMCG has turned positive which shows that in short term there is pain in market and clear defensive mode is on.
Moving in a parallel channel. Look for a breakout to hold else better trailing.
#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.
After a long consolidation where bears where pushing it down the bulls have finally captured fmcg sector can in focus for tomorrow
Nifty FMCG Complete trend Complete trend of nifty FMCG ....... Primary Trend Rising Wedge.....
It making higher high now. If long is initiated in good stocks then there will be good risk to reward ratio
CNXFMCG gave a perfect breakout. hope you have added FMCG Stocks in your basket.
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...
Keep Accumulating FMCG Stocks. Tata Consumer Best Pick.
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. . 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 is showing a good uptrend and has move above the S&R zone
do you think FMCG sector will break this now