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Bullish FMCG Stocks to Trade on 22-July-2022 | NIFTY FMCG Analysis | Friday July 22, 2022

 As our algo identified NIFTY FMCG will be bullish on Friday 22-July-2022, we ran our algo against major Nifty FMCG stocks to find the specific stocks that are going to be very bullish on 22-July-2022. Given below are the list of FMCG bullish stocks with their respective levels for your trade plan on 22-July-2022. Let us see if our trading algo has given a correct signal

NESTLE INDIA

  • NESTLEIND is strongly bullish
  • NESTLEIND sentiment positive and trending. Overall direction upside
  • if NESTLEIND breaks above the supply zone (18660.00 - 18887.70), Rally starts. Target 18957.60 and 19070.75
    If NESTLEIND crossed above 19002.86, then it may touch 19140.07
  • Closing Price: 18839.95 (222.85)
    Resistances: 18887.70, 18957.60, 19070.75
    Supports: 18661.40, 18591.50, 18478.35

GODREJ CONSUMER PRODUCT

  • GODREJCP is strongly bullish
  • GODREJCP sentiment positive and trending. Overall direction upside
  • if GODREJCP breaks above the supply zone (878.05 - 879.32), Rally starts. Target 882.30 and 887.13
    If GODREJCP crossed above 883.76, then it may touch 889.59
  • Closing Price: 876.80 (3.30)
    Resistances: 879.32, 882.30, 887.13
    Supports: 869.65, 866.67, 861.83

Procter & Gamble Hygiene & Health Care

  • PGHH is strongly bullish
  • PGHH sentiment positive and trending. Overall direction upside
  • if PGHH breaks above the supply zone (14229.02 - 14240.00), Rally starts. Target 14287.40 and 14381.88
    If PGHH crossed above 14332.29, then it may touch 14447.43
  • Closing Price: 14196.25 (261.15)
    Resistances: 14229.02, 14287.40, 14381.88
    Supports: 14040.05, 13981.67, 13887.18

EMAMI LTD

  • EMAMI LTD is strongly bearish
  • if EMAMI LTD colapses below the demand zone (467.35 - 467.45), Falling starts. Target 464.96 and 460.93
    If EMAMI LTD crossed below 464.80, then it may touch 459.96
  • Closing Price: 470.60 (-3.05)
    Resistances: 475.51, 478.00, 482.03
    Supports: 467.45, 464.96, 460.93












Disclaimer: These are only suggestive technical rules that have been found to work well over time in the market. These are not any trading or investing recommendations. We suggest you to take advice from certified experts for trading and investing. Neither PickMyStox nor any of its associates are responsible for any trading or investing loss.

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