NESTLE INDIA LTDLong
NESTLE INDIA -- A 9 MONTH LONG CONSOLIDATION BREAKOUT
Nestle India Ltd. a nine month long consolidation breakout to keep on radar
1. RSI on all time frames above 60
2. Narrowing Bollinger Bands on Weekly chart
3. ABCD pattern under formation on weekly chart
4. Price walking on upper Bollinger Band
5. Rise in price with rising volume
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
1. RSI on all time frames above 60
2. Narrowing Bollinger Bands on Weekly chart
3. ABCD pattern under formation on weekly chart
4. Price walking on upper Bollinger Band
5. Rise in price with rising volume
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Disclaimer
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