CNXFMCG is currently in a consolidation after an aggressive uptrend. The 20 and 50 SMA (daily TF) have also started to converge signaling towards either a long consolidation period (and then continuing upwards) or the start of a downtrend on an hourly TF.
I love how FMCG has been moving for a long time (2015!). Every time it makes a new high, it reverts and tests precisely the last All time high that acts as a strong support every time. Can use this idea to short and go long on FMCG stocks accordingly. Current status for long term is short
The Fmcg 2 hourly chart head and shoulder pattern formation,
Nifty FMCG led the Nifty rally and is overbought now Some bearish candlestick patterns have printed in the last few sessions Last engulfing top pattern has sometimes marked lasting tops on the index in the past Bulls need to be cautious
Keep an eye on CNXFMCG that is FMCG SECTOR. CNXFMCG has round bottom breakout. Every FMCG stock is performing well keep an eye on FMCG stocks example - MARICO , HINDUNILVR , ITC (safest) , NESTLEIND
Huge decline coming in FMCG stocks. watch out. Be careful. Don't take long Positions in FMCG stocks. All the BEST. Happy Trading.
Hi every one For intraday traders in equity or F&O it is quite simple logical based strategy with the help of Bollinger Band and VWAP in 15M time frame.
triangular break could be possible. all FMCG stock hinduniliver , colpal etc are taking support @ 20 EMA.
My next bet is on the FMCG sector. It will fly. Pick up the stocks that are in a similar structure.
FMCG index at support zone. can expect some bounce from here.
If FMCG Sector Break the Blue Line and Sustain above it we can see some Up move or maybe All time High . . . . . . .
Here are a few stocks that have the potential to do well, in collaboration with @AVENUESOFINVESTMENT. You might feel that's a lot of stocks, but good stocks correcting a little has given birth to several opportunities. Also, the video cuts abruptly because TradingView has a 20 min max recording limit.
FMCG sector has corrected from the all time high and now trading at daily support. Since this sector is very bullish in weekly and monthly timeframe , we might see the good bouce next week Levels to be watched , focus for buy following stocks if this index trading above 39200, and can go upto 39900 /40300/41000...
Nifty FMCG At 200 EMA Support. Bullish in upcoming days - Hindustan Unilever Limited , Tata Consumer , Dabur India Ltd and more. Time Period 3 Months.
Could be a terminal pattern - sharp drop ahead
Index stretched on bubble valuations
nifty FMCG showing bullish for upcoming days
FMCG is considered as a defend sector in any pandemic situation and it proved in covid situation. FMCG hold firm in COVID. and the sentiment is too bullish among retailers but the index is not showing any strength and even after covid recovery FMCG is still under performing. Technically we can see RSI divergence in FMCG index and also on some weightage stock like...