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Why FMCG Makes a Safe Bet?

We have time and again recommended HUL and ITC to our delivery tips subscribers as we are optimistic on these two stocks and these stocks have not let us down and they have proved their mettle as we know that FMCG stocks makes the safe bet during high inflationary environment.   

Why FMCG is a safe bet.

As you can see in above chart that ITC is in bullish mode and will remain so till the level of 273 is held. A chart speaks for itself and we had earlier also made the same statement in respect of Sunpharma in bullish mode as per our earlier technical analysis. Please remember that during the upward movement of a stock it passes through a number of crests and troughs and one just need to make sure that the given levels are not broken as breaking of 305 is a first warning for the stock and if it breaks 273 level; it is an exit signal. If it maintains above this level than we are going to see the level of 380 in the near term. This stock even finds a mention in our top 10 stocks list also which is available free of cost on our website.

Disclosure

Our clients are long in this stock.

Happy Investing !!

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