Nestle bullish pattern formation!
Nestle has created an inverse Head and shoulders pattern on a weekly chart and given a breakout too, with good volumes. Moreover it is an FMCG giant with healthy financials, making it a relatively safe and stable stock.
Buying near the support zone with stoploss just below it and a target of 26k, this seems to be a good trade setup.
That said, please make sure to follow healthy postion sizing rules.
Buying near the support zone with stoploss just below it and a target of 26k, this seems to be a good trade setup.
That said, please make sure to follow healthy postion sizing rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.