big ascending triangle forming in Nestle

In weekly/monthly, ascending triangle is forming here, also 7300-7450, is a multi year resistance zone.

So after breakout the pattern will be confirmed, and we can get a tgt of 9200+

In shorter time frame, trend is up, BB is is trending upward and candles are riding above 20 ma,

we ll discuss in detail about the tgts and sl, post breakout

Trade active:

successful breakout here, tgt - 9160+ sl - 6860.

Comment:

Trade active:

going good, till now 7724.75

Trade active:

going good, till now 7850

Trade active:

closed at 7921, more to come.

Comment:

in daily, price closed above upper BB with good volume, and BB is expanding, looks quite bullish,

Trade active:

volatility is decreasing and BB is getting squeezed , high probability for breakout.

Comment:

breakout happened, but in the down side, price falling, and BB expanding,

Trade closed: target reached:

cmp - 9888.85, total 33% gain till now,