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.