Investor Choices

1. Here we can see a nice pattern of straight top and rising bottom. Generally if these kind of patterns are form than it is good chance that stock could achieve the  target of width of the triangle.  2. Stock is in good momentum as we can see RSI is above 60 of monthly, weekly and Daily. 3. Moreover there is squeeze break out this means it has increased its volatility. 4. Stock falls under the sector FMCG

NIFTY FMCG OBSERVATIONS   Here we do NIFTY_FMCG analysis it is the safest sector for investment right now . Reasons : 1. It is a defensive sector and consumer need based sector . 2. Debt is low as compare to other industries so there is no harm of fixed interest cost . 3. Last time during pandemic it was the first sector which recovered in v - shape . 4. Broadening pattern it has completed its 5 touches if it takes support near support zone highlighted in the chart . It will bounce like a It has been consolidated for long time also . Thanks

  BROADENING WEDGES Let’s understand broadening wedge pattern. It is a pattern where trend channel narrow at beginning and keeps broadening. We can have upward or downward breakout. But here we can see that it has already touched its 3 points on upper trend line and there is strong support near 32,100 so we are required a partial decline. Which will be around 32100 and if it takes support near that zone than we can have an upward breakout and we can achieve 32,800 level. Let’s watch. Thank you !