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CNXFMCG in consolidation

NSE:CNXFMCG   Nifty FMCG Index
CNXFMCG is currently in a consolidation after an aggressive uptrend. The 20 and 50 SMA (daily TF) have also started to converge signaling towards either a long consolidation period (and then continuing upwards) or the start of a downtrend on an hourly TF.
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