Nestle buy setupNestle
Resistance support polarity switch
Long term breakout line becomes the support
Buy : 7590 - 7580
CBSL : 7370
Target : 8010
RR 1:2
NESTLEIND trade ideas
big ascending triangle forming in NestleIn weekly/monthly, ascending triangle is forming here, also 7300-7450, is a multi year resistance zone.
So after breakout the pattern will be confirmed, and we can get a tgt of 9200+
In shorter time frame, trend is up, BB is is trending upward and candles are riding above 20 ma,
we ll discuss in detail about the tgts and sl, post breakout
#NESTLEIND Ascending triangle formationAscending triangle formation on Weekly charts. BO above 7370 will lead to 2400 points move. SL: 6940 (though IMO, this is a BUY-and-HOLD kind of stock)
2ND BREAKOUT ON WEEKLY CHART......Heading towards 10k..???Stock is trading near its resistance area. But as marked in the chart price is 2nd time breaking out of its falling trend line which indicating that we may see new all time high in stock price very soon.
1 can look for short option when neck line break.There is double top has been seen in daily chart so 1 can go short below neck line. Traders If I am wrong please suggest me.
