Technical Analysis: Price Breakout and BeyondHello Friends,
Welcome to RK_Chaarts,
Let's try to analyze a stock from the FMCG sector, "Dabur India Limited".
Elliott Wave perspective.
We can see that the correction is completed, which is the IVth wave of the monthly time frame of cycle degree in Red. Now, possibly the impulse wave Vth had start unfolding. If we go inside that, we'll see its five sub-divisions in black, labeled ((1))-((2))-((3))-((4))-((5)) of primary degree.
Possibly, wave ((1)) has started unfolding, and within wave ((1)), we'll see five sub-divisions in blue, which is the intermediate degree. Within this, waves (1) and (2) looks complete, and wave (3) has started, which has also broken out of the curve line.
Invalidation level
If our wave counts are correct, the bottom level of wave IV, which is 433, will be our main invalidation level. If the price goes below this level, it will trigger the invalidation level. If that happens, we'll need to re-analyze the chart from a wave count perspective.
But if the price stays above this invalidation level, then our view, which is based on the analysis, will remain bullish, and the chart will remain bullish.
Projected Target
As per Elliott wave theory, it can show new ATH in Long Term, only if Invalidation level is not breached.
Breakout with good Intensity of Volumes
The breakout has a good intensity of volume. The volume in the breakout candle is looking very good, which is 3-4 times higher than the average. This means that market participation is very good during this breakout. So, Conviction is high on this breakout.
We can clearly see that the price has closed above the 50 Exponential Moving Average (EMA), 100 EMA, and 200 EMA, which is a very good sign that the price has overcome all these hurdles along with Breakout.
Now, if there are any hurdles above, they could be the 200 EMA on the weekly time frame, which is coming near the level of 529, and the 50 EMA on the monthly time frame, which is coming near the price of 527. Currently, the price is trading around 513.
Once it crosses 529 or 530, it may show even more strength after that.
Dow Theory Trend confirmation
Based on Dow Theory, if we observe, the price which was falling and making lower highs and lower lows, has now started forming a Higher High and Higher Low pattern on the daily time frame, which is again a sign of bullishness.
Standard Deviation crossed
Price is trading above the mid-Bollinger Band on the weekly time frame, i.e., in the bullish territory. On the daily time frame, Prince has also crossed the upper Bollinger Band, meaning it has broken out and is expanding above the upper Bollinger Band, which is a bullish sign
Supporting Indicators
On the daily time frame, a very good breakout is visible inside RSI, and is also moving above 72. Additionally, on both the daily and weekly time frames, the MACD has given a positive crossover.
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FMCG
HNST: When honesty turns into a breakout formationOn the weekly chart, The Honest Company (HNST) is shaping a textbook broadening formation. Four waves are already in place, and the fifth is unfolding. The recent bounce came exactly after a retest of the long-term trendline at point (4), pushing the price above the critical $4.97 resistance (0.236 Fibo) — a clear signal that buyers are reclaiming control.
Volume is steadily rising, and the golden cross (MA50 crossing above MA200) further confirms a mid-term trend shift. The volume profile above current prices is nearly empty — indicating minimal resistance. Immediate targets are $6.33 and $6.94 (0.5 and 0.618 Fibo), while the full breakout projection lands at $8.91, $10.31, and even $12.09 (based on 1.0, 1.272, and 1.618 expansions).
Fundamentals (as of June 28, 2025):
— Market Cap: ~$460M
— Revenue (TTM): ~$344M
— YoY Revenue Growth: +7.6%
— EPS: –0.18 (loss narrowing)
— Cash on hand: ~$24M
— Debt: under $10M
— P/S ratio: 1.34
Despite being unprofitable, HNST is showing strong signs of operational improvement — rising gross margins, controlled costs, and increasing leverage. Growth in both online and retail sales adds further support. With institutional buying picking up, the market may be slowly re-rating this small-cap FMCG player.
Trade Plan:
— Entry: by market
— Targets: $6.33 → $8.91 → up to $12.09
When even an "honest" stock starts drawing broadening patterns and volume’s rising — it’s not a hint, it’s a launch sequence. And the bears? Might want to take a seat in the back.
FMC Corp | FMC | Long at $58.00NYSE:FMC Corp is currently trading at a P/E ratio 6x and has a 3.98% dividend. It had a very rough year in 2023, but the company estimates improved earnings and growth after 2024. From a technical analysis perspective, it appears to be in an accumulation phase after seeing a low around $50 and wavering between that value and $68 for 11 months. Unless fundamentals change post earnings, it is currently in a personal buy zone at $58.00.
Target #1 - $81.00
Target #2 - $85.00
Target #3 - $90.00
Target #4 - $122.00 (very long-term...)
Britannia Industries : Prepared for the Next Step..?Britannia Industries' stock price has returned to the 6000 price level, which was previously a resistance level, and will now act as a support level. Additionally, the 50-day moving average support is also at the same level.
In other news, the company has announced a strategic partnership with Bel Group for local cheese manufacturing in India. A factory in Ranjangaon, Maharashtra, will produce 10,000 tons of Britannia The Laughing Cow cheese products each year to meet the growing demands of Indian consumers. The joint venture will invest Rs 220 crore in the cheese plant.
HINDUSTAN UNILEVER : Updated Price ActionHere are some pointers to keep in mind:
- One year-long consolidation.
- Clearly defined support and resistance.
- 6 Week consolidation at the resistance zone makes the resistance weak
- Recent breakout was prevented with a long upper wick. A.K.A Sellers present.
- Margin of Safety is a mere 6% ( CMP vs ATH)
- There is no clear winner yet as the signals are mixed.
- A break of the consolidation range may lead to zone-to-zone momentum
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Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
Dabur: Resistance Zone !Hey There,
- Like always, The chart is self-explanatory.
- We saw a triangle breakout which happened very close to a crucial resistance zone that acted like one.
- This is one previous support that turned crucial resistance
- Previously, the price has fallen 3 times after testing this level. The fourth time's a charm?
- We see a good consolidation at the resistance zone since the breakout
- NSE:MARICO sustained similar consolidation to fly high whereas NSE:HINDUNILVR failed to break it.
- What will DABUR do?
Have Insights or Questions? Let us know in the comments below.👇
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⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
ITC target 600FMCG major ITC currently trading at 424.90 rupees is going to see a major jump in its share price from the current levels to the levels of around 590-600 giving a return of around 60% from the present levels. The analysis is based on cup with handle chart pattern which can be seen in the chart posted with this analysis. the target will be achieved within this year.
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HUL: Long position mid term (35% returns)HUL has give a strong breakout today (with heavy volume) against its trendline (blue). The price has been in a downtrend since July 2023 forming a rounding bottom pattern with neckline at 2700 and bottom at 2200. The target based on the pattern is 3200 (Upside of 35%) .
Fundamentally, the company is strong and has grown consistently. The P/E valuation and EV/EBITDA are at multiyear low. The stock has been under time correction mode for the last 3 years. The inflation is expected to come down in the coming quarters which will help revive the sales and boost the earnings going forward. The rural demand has picked up as well. All the drivers should set the stock rallying to new ATHs.
Targets:
1) 2450-2500 (range)
2) 2650-2700 (range)
3) 3200
Risks: Given the Nifty has been under selling pressure, there's a risk of this breakout to not push all the way to the targets creating another round of sideways price action.
JUBLFOODTrendline Breakout.
Volume Buildup seen.
Above 20 EMA.
Good for Short term.
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Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
MISHTANN FOODS - 2 YEARS HIGH BREAKOUTCan enter at CMP 23₹
or enter at 21₹
Target - 35.55
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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HAPPY TRADING 👍
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Rising Channel
📌 Symbol/Asset: Britannia Industries
🔍 Description: FMCG Defensive stock available on Strong Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
TASTY BITE IS ALL SET TO OFFER 12 % ROI AND ITS ATTRACTIVEits LONG SHARE AT PRICE OF 10561 DATE 02.01.2022 OOHO 2023 IT HAS POTENTIAL UPTO 12 % ROI
Tasty Bite Eatables has an operating revenue of Rs. 435.32 Cr. on a trailing 12-month basis. An annual revenue de-growth of -5% needs improvement, Pre-tax margin of 4% needs improvement, ROE of 4% is fair but needs improvement
for more WSUP ME 8459 220 202
GILLETTE will break its previous highGillette is in the same price range of 2017-18 but it has given a net profit of more than 1643 crores and it is 29% down from its lifetime high. SO it is currently an undervalued stock. If it reaches lifetime high then a profit of 37% is made on the bet but it will surely break the lifetime high and make a new lifetime high. The company has significantly reduced its other costs and increasing it revenue and net profit. It is trading at a lower P/E ratio that its average 10 year P/E. It has a CWIP of 74 crores which means the company is looking for expansion. The company is debt free which makes it a safe share to buy and get huge gains.
Jubilant Food WorksHello and welcome to this analysis
The stock has been in a decline since Sept 2021, all bounces have so far been sluggish as it continues to make a lower high lower low pattern. It was removed from Nifty Next 50 hence the recent exit pressure from Index based funds
In the immediate short term due to a heavily oversold scenario a dead cat bounce appears to be in the making. This could either bounce back to 500-525 or form a triangle (higher probability) as long as it holds last week low.
Overall chances of this being a bottom look slim unless it starts sustaining above 535. We might see value buying coming near 375-350.
FMCG MovementI love how FMCG has been moving for a long time (2015!). Every time it makes a new high, it reverts and tests precisely the last All time high that acts as a strong support every time.
Can use this idea to short and go long on FMCG stocks accordingly.
Current status for long term is short