It's a trifecta for Nifty Consumption!

Nifty India Consumption Index (NSE:CNXCONSUMPTION)

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NSE:CNXCONSUMPTION Nifty India Consumption Index

Trend Analysis Chart Patterns NIFTY niftyconsumption consumption sectoral priceaction disjointchannel

trendanalysis chartpattern nifty niftyconsumption consumption sectoral priceaction disjointchannel

Very cool how 6k psych, zone and trendline resistance have all come around the same level for CNXCONSUMPTION . To top it off, the day's candle shows suppotr. Curious to see how this plays out... From what I could observe, the index has underperformed

NIFTY so I wonder if it may try to play catch-up now?

Commentaire:

Clean breakout after a retest of the trendline!

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