 "technicals")
NIFTY FMCG
Bias: Range-bound
Last close: 44,324.35
An analysis of recent data on market prices has shown a trend of stable fluctuation within a limited range, with the lowest recorded price being 43,456 and the highest recorded price being 44,981.
Additionally, an examination of the near-term charts reveals the formation of a triangle pattern when the upper and lower trend lines are joined. The trend of stable fluctuation within a small range, along with the formation of a triangle pattern on charts, suggests that the most advantageous strategy for traders would be to dispose of their assets near the level of resistance at 44,800,
