NIFTY FMCG DAILY.

13 May 2024

Nifty FMCG broke out of falling wedge pattern on 25th April 2024. Its consistently positive since then, it made highs of 56100-200 levels post the breakout. Its trading near its support levels now, can see continued upmove uptill recent level of 56200 and then 57500+ are the ultimate targets it can show as the stocks show positive momentum in the index like HUL, Marico, COLPAL, Godrej Consumer, etc.

While higher targets come out to be 58200+.

Do your own analysis before trading. Only for educational purposes.