NestleInd - at PE support ; trendline and horizontal support
See PE line in bottom - PE is sustained above 72, with high of 90, suggesting a potential upside of 25%
Whenever PE is at 72, the stock price has gone up as can be seen in the positions marked with Blue flag
HDFC Securities has Buy call with target - 2600
Trade active at 2356
Target - 2630
Avg at - 2238
SL - 2174
Avg price = 2297
Target from avg price = 14.5 %
Target without averaging = 11.6%
SL = 5% (after averaging)
R2R: 2.9 (after averaging)
Just an idea. Not a recommendation.
Trade active.
Whenever PE is at 72, the stock price has gone up as can be seen in the positions marked with Blue flag
HDFC Securities has Buy call with target - 2600
Trade active at 2356
Target - 2630
Avg at - 2238
SL - 2174
Avg price = 2297
Target from avg price = 14.5 %
Target without averaging = 11.6%
SL = 5% (after averaging)
R2R: 2.9 (after averaging)
Just an idea. Not a recommendation.
Trade active.
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