Wait for the break out or watch for buying opportunities above 17809 . After days for consolidation finally on the verge of breakout
Can put a strict SL on 17534 and breakeven the trade if price touches 18141 and book near 18643. Potentially a good risk to reward trade.
Time frame- 1H NSE:NESTLEIND
Last week we have broke the descending channel and we had a good daily close. that bullish candle is just an impulse so we will wait for some relief or exhaustion. when it finally breaks above the previous lower high creating short term higher high we would look for an buy. Lets see what happens. #One8_Trader
Looking at NIFTY WEEKLY CHART WE HAD SEEN STRUCTURAL FRACTAL MOVE from MAY 2014 to FEB 2016 .. And after making high of 8968 it showing same indication .. So just Pre-empting same structural move
Pattern void abv 8968 and more indication below 8550