Nifty FMCG - Price Action Indicates Robust Growth


  • 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 PatternsgoodluckcapitalindexindexanalysisindianstockmarketTechnical IndicatorsniftyfmcgsebiregisteredsectoranalysisTrend Analysis

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