Since FMCG Sector are defensive sector and moves aggresivly when market falls.
Nestle after a long consolidation near the support area broke out the 200 EMA and now ready to move for a uptrend.
Note: May not expected super rally if market moves rapidly because during bull markets, FMCG might underperform as investors chase higher-growth opportunities in other sectors.
But can easily capture 10% return from the current point for swing traders who do MTF trades.
Nestle after a long consolidation near the support area broke out the 200 EMA and now ready to move for a uptrend.
Note: May not expected super rally if market moves rapidly because during bull markets, FMCG might underperform as investors chase higher-growth opportunities in other sectors.
But can easily capture 10% return from the current point for swing traders who do MTF trades.
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