My View on $CNXFMCG — Daily ChartNifty FMCG IndexNSE:CNXFMCGsalaisargunansp1. Key Observation The index is holding a strong support and high-volume zone around 48,200–48,550. The recent high-volume decline followed by a positive candle suggests possible selling absorption and renewed buying interest. 2. My View As long as this support remains protected, the structure favors a bullish recovery. Some short consolidation may occur before the next upward move. 3. Invalidation The bullish study becomes invalid if the index gives a daily close below 48,205. 4. Risk-Reward From the current level, the setup offers approximately 1:4 risk-reward towards the main target zone, depending on entry. 5. Target Point / Range TG1: 50,000 TG2: 50,750–51,150 Extended target: 52,500 with strong volume continuation. 6. Why It’s Good for Long Price is holding near a major volume-support zone, downside risk is defined, and the chart offers nearly 2,000 points of upside potential towards the next resistance area. 7. Time Period Bullish swing view for the next few weeks. #CNXFMCG #NiftyFMCG #FMCGStocks #NiftyIndices #VPA #VolumeProfile #PriceAction #SwingTrading #IndianStockMarket