Over the last couple of years the FMCG sector has been in a consolidation and some of the names now seem to be hinting a possible breakout in coming weeks.
Lets start with a view of the Index
FMCG Index - Good Flag Consolidation in near term and consolidation after a new high.
Now going to some of the FMCG Names.
ITC Limited
The leader of the pack in terms of size and weightage.
Good consolidation for last 2 years and a breakout above 265 but needs to cross 290-295 for fresh momentum.
MARICO Limited
A nice strong candle today into all time highs.
Britannia Limited
A consolidation of last 2 years and quite a few attempts at the upper band of 3500 roughly.
Godrej Consumer Products
A clear breakout candle today into all time highs. Fresh Momentum can get stronger ?
Disclosure - Recommended in QuickGains Fno
HINDUSTAN UNILEVER
Another consolidation for last 2 years and a little more.
Can it breakout in coming weeks ? Recent bottom at 900 to be a support.
Planning a Training Session in Pune in End of May if we get required no of participants.
If interested mail to nooreshtech@analyseindia.com
Course Details - https://nooreshtech.co.in/technical-analysis-training/classroom-training
