DSIJ Mindshare

FMCG index reverses from all-time high, Bearish Engulfing seen

Bhagyashree Vivarekar 0 1258 Article rating: No rating

After hitting all-time high levels, Nifty FMCG index witnessed profit booking in Friday’s trade, registering more than 1 per cent loss. The index had formed a kind of Bearish Engulfing pattern which if confirmed on Monday’s trade can give some more downside in the sessions to come.

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