Technical Analysis of Indian Equities by Nooresh

Sector in Focus – FMCG – Hindustan Unilever, Godrej Consumer , Britannia, Marico & ITC Limited

Over the last couple of years the FMCG sector has been in a consolidation and some of the names now seem to be hinting a possible breakout in coming weeks.

Lets start with a view of the Index

FMCG Index - Good Flag Consolidation in near term and consolidation after a new high.

FMCG Index

Now going to some of the FMCG Names.

ITC Limited

The leader of the pack in terms of size and weightage.

Good consolidation for last 2 years and a breakout above 265 but needs to cross 290-295 for fresh momentum.

ITC b

MARICO Limited

A nice strong candle today into all time highs.

Marico

Britannia Limited

A consolidation of last 2 years and quite a few attempts at the upper band of 3500 roughly.

Britannia

Godrej Consumer Products

A clear breakout candle today into all time highs. Fresh Momentum can get stronger ?

Disclosure - Recommended in QuickGains Fno

Godrej Consumer

HINDUSTAN UNILEVER

Another consolidation for last 2 years and a little more.

Can it breakout in coming weeks ? Recent bottom at 900 to be a support.

HUL

Planning a Training Session in Pune in End of May if we get required no of participants.
If interested mail to nooreshtech@analyseindia.com

Course Details - http://www.nooreshtech.co.in/technical-analysis-training/classroom-training

Article by Nooresh Merani

Nooresh has written 2623 articles.

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