CNXFMCG trade ideas
CNXFMCG Vs Constituent CompaniesSectoral Analysis
Picking time tested leaders .
Britannia
Dabur
Marico
Jubliant Food
Godrej Industry
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Nestle
United Brew
GSK Cons
rejection from top 3 timescnxfmcg has touched top three times and rejected from there broken the channel might head more downside
NSE FMCG - monthlyThe log-normal monthly chart of NSE FMCG. The price action broke out of blue parallel channel and since then trading in narrower and steeper yellow parallel channel.
Nifty FMCGAfter a big run up, FMCG sector is witnessing profit-booking. There is a trade gap in this Index and price may take support at this level. This index made a strong breakout on 5th July this year. We shall keep a close watch on these two levels and accordingly decide about entering long in the FMCG majors such as Britannia, Colpal, Dabur, HUL, ITC, GodrejCP, JubilFood, Marico and UBL (this is not correcting much) for long term and we shall avoid McDowell-N and TataGlobal at the moment.
fmcg sector looks bullish in short to medium termIn daily, price retraced then reversed from horizontal support,
In weekly, price in an established uptrend, it broke out of ascending triangle pattern and going up.
FMCG - Breakout after Consolidation - Enter on Pullbacks OnlyFMCG was range bound after breaking the previous swing high on Daily.
With Nifty Supporting the Trend and No Signs of Weakness of Daily, Weekly, Monthly Charts.
Every dip in good FMCG Stocks is a good opportunity to go long.
My Favouite Stocks are
NSE:ITC
NSE:HINDUNILVR
NSE:GODREJCP
NSE:DABUR
NOTE: As these stocks have run up too much, do not enter in Full force and wait for pullbacks. REMEMBER MISSING Opportunities in the MARKET is OKAY, LOSING CAPITAL IS NOT
RSI Divergence Bearish Engulfing on NIFTY FMCG DailyWill HUL resul tommorow will start the downfall of FMCG stocks
NIFTY FMCG: BREAK -> Healthy Correction -> Fresh UP Trend"-VE" BIAS -> GODREJCP: GSKCONS: IT: JUBLFOOD:
Bearish REVERSAL -> MARICO: HINDUNILVR:
"+VE" BIAS -> COLPAL: MCDOWELL-N:, UBL:
Bullish REVERSAL -> GODREJIND: (@ 548 - 566), TATAGLOBAL: (@ 247 - 251)
LTP as on 13/07/2018
COLPAL': @ 1160.00
MCDOWELL-N': @ 607.95
UBL': @ 1193.95
GODREJIND: @ 584.50
TATAGLOBAL: @258.90
DABUR: @ 376.10
EMAMILTD: @ 530.65
MARICO: @ 354.90
HINDUNILVR: @1742.65
GODREJCP: @ 1309.65
GSKCONS: @6209.85
ITC: @ 270.40
JUBLFOOD: @ 14087.70
Rest analysis Plotted ^ mentioned on Chart.
Education Purpose Only.
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Bear Market has just Started.The chart I am plotting here is the ratio chart between FMCG & Auto Sector. The logic is that during good times Discretionary sector does well & In Bad times Investors hide into consumer staples. As this chart is suggesting FMCG sector is at an record low compared with Auto Sector & has just begun to outperform which is an indicative that one should be cautious. Short Discretionary & long Staples is my trade going forward.
Nifty FMCG heading for 31880 on 5th Wave NIFTYFMCG heading to 31880 on 5th Wave of Elliott Wave . Good for investment.
FMCG sector may face further downsideFMCG sector has been under tremendous pressure. In last week it showed some signs of recovery but it was just a profit booking (I suppose).... now last candle compleed a classic evening star doji pattern which is a warning sign... FMCG sector may show further weakness and even it may violate previuos low....
FMCG Sector can bounce this weekFMCG Index took support of 200 EMA and showing bullish signs.
Even if it comes down again towards 200 EMA that will present a fantastic oppurtunity to go long on FMCG Stocks as it will create a double bottom for short term.
I would look to enter the shares mentioned on the charts for Longs till CNX FMCG index does not break the recent lows.
