Nestle Analysis
Nestle India:
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Price & Volume relation:
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Monthly: Previous candle low (19050) was taken out clearly but the Volume is not supporting yet & taking hault important support level.
Weekly: Price & Volume both supporting movement.
Daily: Both supporting.
Pattern:
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Yellow line Symmeterrice triangle (Sideways until breaks either side)
Redline: Important Support level
Conclusion: If day low (18352) is taken out & sustain then we can short with a small qty until below trendline is taken out & Once that is taken out we can add further & continues.
---------------
Price & Volume relation:
------------------------------
Monthly: Previous candle low (19050) was taken out clearly but the Volume is not supporting yet & taking hault important support level.
Weekly: Price & Volume both supporting movement.
Daily: Both supporting.
Pattern:
----------
Yellow line Symmeterrice triangle (Sideways until breaks either side)
Redline: Important Support level
Conclusion: If day low (18352) is taken out & sustain then we can short with a small qty until below trendline is taken out & Once that is taken out we can add further & continues.
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