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this_is_shoaib
Dec 1, 2021 8:26 AM

NESTLE BREAKOUT! POTENTIAL 5% UPSIDE Long

NESTLE INDIANSE

Description

Hello guys, So I have found a trade of the FMCG sector-NESTLE, it's consolidating in a symmetrical triangle pattern and looks ready to give the breakout for upside movement.
All the required info is in the chart above, take a look.

BUY ABOVE-19490
Targets mentioned in the chart above (white lines)
RSI has room for BULLS.
MACD turning BULLISH

Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.

Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Comments
traderanamta
Nice analysis for nestle let's see how many targets are achieved
this_is_shoaib
@traderanamta, Thankyou, Haha let's see where it goes.
khanraees35
Again nice observation on the pattern. Keep this up, by the way I shorted Indhotels got some money
this_is_shoaib
@khanraees35, Nice to hear the analysis helped you and you got some greens there.
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