Can be accumulated or new position for short term gain
Taking support from level and shall move to next resistance can be added for short term gain.. however it may consolidate considering market condition / elections
For those who are waiting for entry on Nestle India soon there will be a possibility... stay tuned. Details are on the chart,
stock is near buy zone... retesting the breakout level and possible upside of 17%-20% and downside SL shall be 5-10%. Good risk to reward trade.
DT 29.12.2022 Insider trading - CEO and whole time director (Ashwin Devineni) have sold 1,050,000 shares on 25-Aug-20222. Also share is trending at all time high resistance zone . Good part is Mkt cap is 3545 Cr . and there is high increase in volume since mid 2016 and compared to industry/ peers P/E ratio valuation is good as on date. Fundamental rating is...
Those who have made good chunk from last entry recommendation: Cheers !! Again re-enrty scenerio is there : Wait for price upward trend and crossing of Volume profile mark mark. Re-evaluation needed when corssed volume profile mark.
Two historical analysis are marked on chart. Still long on this script - Accumulation in every dip is adviced.
Technical anaysis for #ICEMAKE - Details are mentioned on chart.
Not to invest now: Check chart for comments and details.