Nestle India - Don't Miss the opportunityStock currently in downtrend in every time frame
But finally approaching its strong support level
Which is a demand zone in multiple time frame as well as a flip zone too
Buying zone can be between 2270 - 2290 with strict SL below 2260 closing basis (at least in hourly candle)
Upside 1st tgt can be at least 2400 and so on
Nestleinda
Nestle Chart Analysis !!📈 Nestle 📉
My Findings :-
1. Breakout from resistance zone.
2. Close Above March 2022 High.
Bias- Long
Target- 18880, 19934 and 20464
SL- 17861
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 Before Taking Any Decision On This Analysis.