FMCG sector is really strong since few days now. Like the bottom in MArch 2020 where pharma and fmcg rallied and lead the market, we have IT and FMCG as leaders now.
But would u really consider betting on HUL (medium term) recent breakout considering its structure ????
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RSI is an oscillator which is set to fluctuate between 0 and 100. Adding an MA to it would give a perspective of its location, at the max. Its never support or resistance
Aneesh ji, Like in PA we have undercut and reclaim of some major MA some significance, does it have any significance in RSI?
— Prakhar (@StocksbyPrakhar) May 12, 2022