The FMCG index shows deep correction, since past some weeks. Although Higher time frame looks bullish but lower time frame witnesses a series of Lower low and lower high. Now The Index seems to form a base ,from where, we can see longterm buying opportunity in the sector. TWO POSSIBLE SCENARIOS (Forr Buying Opportunity) - H&S pattern is forming @0.618 fib...
Nifty fmcg seems to end its consolidation and head towards new high.
Nifty FMCG/Nifty Relative Strength chart is exhibiting bullish push at the 200DMA. The price action on the relative strength chart looks bullish and we can expect bullish push from here toward the resistance zones marked.
As disclosed in the chart drawing, the value area is marked herewith to show the buying interest which may or might turn out to be genuine index to be watched for study purposes. Let's watch it for study.
FMCG index has given a good impulsive move and now it is at the end of retracement move, expecting the index to be BULLISH in the upcoming months if it gives any kind of reversal from the VALID DEMAND ZONE then can start to build long positions in the sector
FMCG index has reached trendline resistance Time to be cautious on underlying stocks
nifty fmcg chart saying itself multimonth range breakout and meme stock on all time high guess what... its ITC-- for both combination if fmcg index breakout the range and itc support it then next target for itc 450 & positnally for 6 month to one year target is 500 and above
NiftyFMCG : Dual RS chart w.r.t. Nifty50 🔹Peak Long RS (green) -> @ COVID bottom levels. FMCG was strongest @ COVID bottom 🔹Short RS @ intermediate peak, which will give resistance ❌ Worst Risk/Reward 👉 Expect about 8% correction
FMCG Index is defying gravity Nifty index is down but it is showing strength Find out the leaders in FMCG sector
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.