Nestle bullish flag pattern

8月5日Nestle india. Bullish flag pattern breakout and re-testing. Ready for the new trend and new ATH soon. As per current market volatility FMCG is bit defensive sector to invest. RSI divergence is also clear & visible to take support from the rock solid bottom. Follow the given levels on the chart. Some cross intersecting lines are important levels & targets.

Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.

DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.

8月6日

交易开始

Defended well in heavy selloff in the market.

8月23日

评论

2550-60 is good resistance zone. Ones it gives closing above this levels. It will be ready for next leg of rally.

8月29日

交易开始

Nestle 2500 round level is good support. Can move now.

9月15日

评论

above 2540 it's active again. keep an eye.

3天前

评论

solid bullrun.