NESTLEIND - SWING TRADE - 6th December #stocks

NESTLEIND (1D TF)

Swing Trade Analysis given on 6th December, 2023 (Wednesday)

Pattern: ASCENDING TRIANGLE
- Volume Spike Buildup Near Resistance - Done ✓
- Breakout of Resistance - In Progress
- Retracement & Consolidation - In Progress

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Trade closed manually:

NESTLEIND Update
- 1st Target Level was achieved
- SL of 0.6% was hit today

- Will wait for re-entry with a better RR Ratio

#stocks #swingtrade #chartanalysis #priceaction #traderyte #nestleind

Comment:

Please extend the Lower Support line to see if there is a pullback candle or a breakdown candle.
And then only plan accordingly if there is a reversal

Comment:

NESTLEIND Update

As mentioned on Friday:
- There was a clear re-entry at the bottom trendline
- Small SL gives a better RR Ratio
- Nice clear pullback candle today
- 2% Up Today

#stocks #swingtrade #chartanalysis #priceaction #traderyte #nestleind

Trade active:

NESTLEIND Update
- Both Target levels achieved
- 4% in 2 Trading Sessions

- SL moved to cost

#stocks #swingtrade #chartanalysis #priceaction #traderyte #nestleind

Trade active:

NESTLEIND Update
- Both Target levels achieved and breakout
- 6.5% in 7 Trading Sessions

- TSL On

#stocks #swingtrade #chartanalysis #priceaction #traderyte #nestleind

Comment:

Stock has Split

Do Not Be Alarmed !