CNXFMCG trade ideas
FMCGSeems like retesting is being done in FMCG space. Expect some good moves in coming days. Focus should be on FMCG .
CNXFMCG/NIFTYIs it again time for FMCG ? Le's see. Chart is telling that FMCG will again outperform the market
Nifty FMCGThe current structure looks impulsive move and it seems we are now going for sub-wave 5 for wave 3 of a daily. Within Wave 3 sub-waves 1 and 3 are of equal length so we can expect the extension of sub-wave 5
Elliot wave Analysis # Bullish ViewNIFTY FMCG INDEX
60 Mins Bar chart (log scale)
Nice rally from 32800 level to 34647 from last couple of days
Next projected Target is @ 34748 to 35255 odd levels
NIFTYFMCG LOOKS POSITIVENIFTYFMCG looks positive from here and can gain bullish momentum.
It had formed inverted head and shoulders pattern on a constant resistance line.
It recently broke the resistance and retested itself on the same resistance line.
It is expected a good bullish momentum from here.
Let me know if you have any suggestions or recommendations.
Thank you.
Disclaimer :- Just an idea not any recommendation
FMCG to OutperformLevels on FMCG Index to Outperform - need to take out LH of 33580 for outperformance
FMCG Sector on good support. Go long now in FMCG stocksPlease see the chart for the levels. You can go long in FMCG stocks like ITC, Britannia & Hindustan Uniliver for small stop losses.
Will be sharing the charts of ITC, Britannia and Hindustan Uniliver for more clarity
NIFTY FMCG - LONGNIFTY FMCG Sector is looking good to go for long. Currently it is trading at channel bottom with bullish candle formation. Once can look to add HUL, MARICO and NESTLE
NIFTY FMCGThe sector looks to take support from Fibonacci level 0.382 led by the fall from ITC mainly. However, it's a good level to start your accumulation.
FMCG SECTOR RANGEthe fmcg sector is trading in the range of 34000 and 35000 from many days...now it is approaching the support zone of 34000-34100. below 34000 more pain can be seen . however fresh bullishness is only above 35000
NIFTY FMCGNIFTY FMCG now there forming bearish three drive pattern. it may be turn up to the yellow zone...
Nifty FMCG- Weekly ViewNifty FMCG daily chart has given a breakdown on the chart last week and moving downside on the chart and now stock can move more downside towards 32400 levels as next support will be near 32400 levels. If Nifty FMCG able to take support near 32400 levels we can see some bounce from that level.
Nifty FMCG- Weekly ViewNifty FMCG daily chart trading in a Rising Wedge pattern and index trading at resistance level with small inner ascending channel pattern, now if Nifty FMCG breaks 34000 levels we can possibly see downside towards 33500/33000/32500 levels with the help of 35000 resistance level.
CNX FMCG can be next dark horseFMCG index went for a long consolidation and has broken the upper end of the range successfully.
10% rally is expected in short term. Individual stocks can move higher. Like, HUL, Marico, Dabur
fmcg pack ready to blastkee any eye on HUL, Britnia, Nestle, Marico etc ready to blast in coming days
CNXFMCG/NIFTYIn spread chart of CNXFMCG/NIFTY 2.45 seems very good support level. It was respected many times before and may be respected this time also. So some bounce back may be expected from that level in whole sector. Some mid cap FMCG name may be looked upon
CNXFMCGExtremely Bullish.
Breakout in FMCG Sector.
Keep an eye on FMCG stocks, wait for pullback for better Risk-Reward.
FMCG stocks can give good return in upcoming days.
Use for Education Purpose.
Trade according to your analysis.
Note:- This is my Personal view. Contact your Financial advisor before taking any Investment decision.
