Nifty FMCG Index On The Verge Of An Inverse H&S Breakout

Live & Latest Intraday trading Stock Recommendations tomorrow, Stocks in news,Intraday tips free today, Stock market investment tips today and Tomorrow, intraday nifty and stocks Tips and call Thursday 5 October 2017, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intrans, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 12 October 2017.
-------------------------------------------------------------------------------------------------------------------------------- 

The Nifty FMCG index has gained strong momentum in the past two weeks and has surged over 1000 points or 4.5% to 25500 levels. This intermediary rally has led the index to breakout.

Daily chart analysis indicates that Nifty FMCG index is on the verge of an Inverse Head and Shoulder pattern breakout. A close above the 25270 mark will confirm the same. In addition, the index has also surpassed the 100-DMA, 50-DMA as well as the 21-DMA in a single session.

What is an Inverse Head and Shoulder pattern?

An inverse head and shoulders pattern often used to predict the reversal of a current downtrend. Traders usually initiate long position when the price breaches past the resistance of the neckline on closing basis.

For Quick Trial – 8962000225 ✔ 
or mail us here: info@ways2capital.com 
or visit http://www.ways2capital.com 
✆ - 0731-6626222 | Toll Free - 1800-3010-2007✔ 
Give a Missed Call for Free Trial - 09699997717