NESTLE INDIA BULLISH TGT 2760-2850-2980 NESTLE INDIA is an interesting chart with following
1. RSI on all time frames above 60
2. Price forming ABCD pattern on weekly chart
3. can be a good buy on dips with Support near 2400 zone and resistance at 2780
4. Price making higher highs for last three days
5. Stock outperforming sectoral index on both 1 week and 3 months
6. Narrowing Bollinger Bands
Caution : Major Call OI at 2600 levels which will act as immediate resistance.
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.