THere are not one but two important Support points with good vol trade indicated by Black Lines. I expect the trade will have a even better R:R if we enter at the lower Black Line.
Stock is in strong uptrend , And Consolidating In A Channel From Last 6 Months
Breakout From channel ( Flag ) Sustain Above Breakout Will take it to 19800 - 20200 In Coming Months .
RSI Taking Support On 43 Levels And Now Given Breakout To A down Sloping Trendline , Momentum Is Picking Up Strength .
Nestle - The Breakdown, finally happened, I was waiting for this move from past many sessions.
REfer the previous post (linked here ) for detailed analysis
NESTLE - time to maximize the trade, its the area , i was expecting the stock would test , before falling further.
For Detailed analysis , please refer earlier post, linked in the post.
