NESTLE has broken above the 8800 supply zone and is currently trading near the 0.618 Fibonacci golden ratio. A hidden bullish divergence indicates potential bullish momentum. A buy at CMP is recommended, with a stop loss below the last low and targets at the recent high and ATH.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.