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Nifty FMCG - Price Action Indicates Robust Growth
Nifty FMCG Index
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Nifty FMCG - Price Action Indicates Robust Growth
By GoodluckCapital
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14 juli
2
7
Heja
Heja
14 juli
The chart clearly indicates that the index is experiencing a robust uptrend.
Earlier, the price formed a bullish Pole & Flag pattern and surged upwards after breaking out.
The index encountered a strong rejection near the 58,000 level, leading to a correction and deep consolidation.
Despite attempting to surpass the resistance level, the price failed.
Following a recent breakout, the price has successfully maintained its position above the breakout level, signalling a positive trend.
Additionally, the current RSI is above 60, indicating the strength of the index.
Chart Patterns
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index
indexanalysis
indianstockmarket
Technical Indicators
niftyfmcg
sebiregistered
sectoranalysis
Trend Analysis
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