Nestle India form Descending chart pattern where it has gave us nice BreakDown with little Retrecemnt in previous Session.
Now after breaking Previous day low if 1hour Candle get sustain in Below Level we can see further lower levels in NESLTE INDIA
KEEP AN EYE ON IT….!!!!!
Nestle India:
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Price & Volume relation:
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Monthly: Previous candle low (19050) was taken out clearly but the Volume is not supporting yet & taking hault @important support level.
Weekly: Price & Volume both supporting movement.
Daily: Both supporting.
Pattern:
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Yellow line Symmeterrice triangle (Sideways until...
📈 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...
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Nestle was taking support at Upward Parallel Channel since October 2020 and today it broke down. Break off this Definitely shows signs of trouble in stock.
On The upside in sync with downtrending trendline and started forming lower highs and lower lows.
My View : Look for shorting opportunities as it broke the upward trendline and started...
