Nifty FMCG IndexLong
Nifty FMCG Outlook
Someone recently left a comment on my post saying Nifty FMCG is bearish.
Let me tell you the reasons why Nifty FMCG is Bullish and no way bearish.
Here are the reasons :
1) Weekly Timeframe is bullish
2) Daily Timeframe has test it's recent demand zone and also has created bullish price action reacting to the demand zone.
Pro Tip : Always look for higher timeframe bias and structure of the market and not alone candlestick patterns
So, Nifty FMCG is bullish.
Let me tell you the reasons why Nifty FMCG is Bullish and no way bearish.
Here are the reasons :
1) Weekly Timeframe is bullish
2) Daily Timeframe has test it's recent demand zone and also has created bullish price action reacting to the demand zone.
Pro Tip : Always look for higher timeframe bias and structure of the market and not alone candlestick patterns
So, Nifty FMCG is bullish.
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