Nifty FMCG IndexLong
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.
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🤝 Contact Us
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