With the markets being volatile, Nestle broke its support only to retest the zone. We may see a continuation of the downfall. What are your views????
Comment:
2 Consecutive Dojis with long lower wicks! looks like buyers are coming in.
Comment:
As we said, the buyers were coming in. Now it is important to see if it goes back into the zone or if we see a retest and continuation.
Comment:
Interesting price action here. The market is in the retest and continuation mood. A close below those two Doji Lows i.e 18,758 may trigger a further down move.
Comment:
Okay, we have reached the support zone which was also our expected target. We will now have to see further price action to make up our mind
Trade closed: target reached:
March 2: The target was reached as mentioned in the previous comment :)
