NIFTY FMCG

Nifty FMCG index gave a correction from a very important resistance zone. But last week chart shows a strong bullish candle which can also be termed as bullish engulfing pattern. This indicates that FMCG index will again go upto the resistance zone and this time even might break the resistance zone and create all time highs. My conviction is strong in this case because there is hidden bullish divergence on the RSI as well.

So look out for FMCG sector stocks that might give good returns in the coming days and weeks. ITC has given a really good breakout. I will post the charts of FMCG stocks soon that will give good returns.