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Future Retail, Future Lifestyle: How Future Group stocks look on the charts

Kishor Biyani, Founder & CEO of Future Group.
Shares of most Future Group companies were trading firm on Tuesday. Future Retail traded over 4 per cent higher after the company on Monday averted a default by paying Rs 100 crore of interest on its foreign bonds.

Over the past few weeks, Future Group has been in news following reports of Reliance Industries (RIL) giving final touches to the acquisition of Future Retail (FRL). According to reports, the acquisition plan will not only include the flagship Future Retail, but other group companies — the logistics firm Future Supply Chain Solutions and Future Consumer. READ ABOUT IT HERE

Here's a look at how the Future Group stocks look on charts.

Future Retail Limited (FRETAIL): The recent sessions have seen a surge in volumes with Moving Average Convergence Divergence (MACD) crossing the zero line upward. This invokes a positive bias for the Future Retail with price heading towards Rs 150 levels. The support comes in at Rs 100 levels, which is its 100-day moving average (DMA). CLICK HERE FOR THE CHART

 

Future Consumer Limited (FCONSUMER): Whenever the counter tried to move upward, it has faced stiff resistance around Rs 12.50. This lead to a further sell-off, resulting in a fall towards 100-DMA placed around Rs 10.35 levels. The overall trend looks dicey with a negative bias. The MACD is not able to conquer the zero line upward which indicates a major weakness in an upward direction. CLICK HERE FOR THE CHART

 

Future Lifestyle Fashions Limited (FLFL): With an Inverse Head and Shoulder pattern, the counter is set to climb higher levels once the resistance of 100-DMA placed at Rs 133.70 levels gets conquered. The overall trend is indicating a bullish bias as Relative Strength Index (RSI) trades with a positive crossover along with an upward direction of MACD. CLICK HERE FOR THE CHART

 

Future Enterprises Limited (FEL): The price is showing strength on its own above the 200-DMA. This reflects the underneath support of 50-DMA and 100-DMA at Rs 14.80 and Rs 12.75, respectively. A positive crossover of 50-DMA with 100-DMA has built a positive sentiment for this counter. The overall trend indicates a rally towards Rs 22 and Rs 25 levels. The surge in volumes also indicates a positive momentum. CLICK HERE FOR THE CHART

 

Future Supply Chain Solutions Limited (FSC): The stock is trading within the tight range of Rs 155 to Rs 139, which are its 50-DMA and 100-DMA, respectively. The volumes are indicating a volatile scenario with strong swings. Either side break would determine the next course of trend in Future Supply chain solutions. CLICK HERE FOR THE CHART



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