Trade plan Entry - 10180 SL - 10440 T1 - 10000 T2 - 9883 T3 - 9731 Trade Category positional Account Size - 2000000 INR Max affordable risk per trade 2% = 40000 INR Risk = 10440-10180= 260 points Position size/Lot Size = 50 Value at risk = 260 * 50 = 13000 INR Investment = 1 Lot T1 Profit = 180*50 = 9000 (Risk:Reward = 1:0.7) T2 Profit = 297*50 =...
Daily chart. Divergence play. Price came down on negative divergence. Now positive divergence is triggered and price is also being supported by 200 DMA. If market remains favorable, target can be 10500+.
price action says consolidation followed by a big breakout
Sell below 10075 with the stop loss of 10130. Targets are 10020, 9970 and 9920.
Nestle recently hit an all time high of 11700 on 31st August 2018. It has fallen almost 15% from its all time high and now is at its 100 Day EMA. Expect Nestle to take some support at around 10000 which is its 100 Day EMA and should also provide some bounce from here.