Consumer Goods Stocks Are Breaking Out in India

For months, we've been focusing our long efforts on stocks in sectors like Fast Moving Consumer Goods that have been showing relative strength. Today, we're revisiting the Consumer Goods sector as it makes new all-time highs on an absolute basis and nearly one-year highs relative to the Nifty 500 to see what names we want to be involved in to capitalize on this theme.

Chart showing performance of Nifty FMCG vs. Nifty 500

Here is a look at the Nifty Fast Moving Consumer Goods Index on an absolute basis, showing prices marching toward our price target of 30,710 after two months of consolidation.

Chart showing performance of Nifty FMCG

Premium members of Allstarcharts India can access a full list of Consumer Goods stocks we want to be buying by clicking here.

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