Entry level above the 24400/24500
Stop loss near 23000-23300
With the target of 25000/27000++ for next 6 -8 months period...
Note : even I have big target like 30k to 32k and according to time frame add on
📈 Nestle 📉
My Findings :-
1. Breakout from resistance zone.
2. Close Above March 2022 High.
Target- 18880, 19934 and 20464
RR- 1: 3
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor...
Note: This is for educational purpose only. Please do not trade in F&O.
There seems to be an ascending triangle formation with small build up near resistance. RSI above 60 indicates bullish momentum.
SL: ₹ 17300