Hello All, The recommendations are purely for educational purpose only, consult you financial advisor before trading. Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk.. If you like my Idea, Don't forget to Boost and comment on my Analysis.. Have a profitable year ahead Gautam Khanna Technical Analyst by Passion :-)
CNXCONSUMPTION Long Term 1). Taking Support from S2-S3 Monthly buying zone 2). H-M gives Buying Signal 3). Crossed Above Developing Weekly CPR 4). SL two closing below S2-S3 BUYING ZONE try to find same pattern in CNXCONSUMPTION Stocks Adani Transmission Ltd Apollo Hospitals Asian Paints Avenue Supermarts Bharti Airtel Britannia Industries Colgate-Palmolive...
The Nifty consumption daily chart rounding pattern formation this is the time to book profit and position light. Note:- This is not buy sell recomendition, only for education purpose investingclubs.in
This is a weekly chart of Nifty Consumption Index. Since Oct 21 the index was trading in a downward channel on weekly basis which can be seen in blue lines. This week, however, the index has given a breakout. Now we can expect the index to again test its all time high of 7665 on weekly basis. All the stock in this index, therefore, must be on a watchlist. One can...
CNXCONSUMPTION (CONSUMER INDEX - NSE) has failed to break 50% Fibo level (6984) as shown on the chart. Be watchful, if it break above and sustain up trend will continue and important resistences are 7013 & 7045. Breaking down, 6945 level it may show downward movement and may check support of 6925 & 6905. Reach us on TradingView to get Free Access to our...
Very cool how 6k psych, zone and trendline resistance have all come around the same level for NSE:CNXCONSUMPTION . To top it off, the day's candle shows suppotr. Curious to see how this plays out... From what I could observe, the index has underperformed NSE:NIFTY so I wonder if it may try to play catch-up now?
Positive divergence may Develop after correction