Since FMCG Sector are defensive sector and moves aggresivly when market falls.
Nestle after a long consolidation near the support area broke out the 200 EMA and now ready to move for a uptrend.
Note: May not expected super rally if market moves rapidly because during bull markets, FMCG might underperform as investors chase higher-growth opportunities in other sectors.
But can easily capture 10% return from the current point for swing traders who do MTF trades.
Nestle after a long consolidation near the support area broke out the 200 EMA and now ready to move for a uptrend.
Note: May not expected super rally if market moves rapidly because during bull markets, FMCG might underperform as investors chase higher-growth opportunities in other sectors.
But can easily capture 10% return from the current point for swing traders who do MTF trades.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.