Nestle - Expecting a reversal from Demand Zone!
➡️ Price Analysis & Overview:
1️⃣ Price has been respecting the channel.
2️⃣ The price has now reached a strong demand zone, increasing the likelihood of a reversal.
3️⃣ Risk-reward ratio looks promising, but stronger moves can be anticipated only above ₹2500, provided the stock holds higher levels.
4️⃣ The FMCG sector overall seems primed for a reversal, adding strength to this setup.
✨ My Plan:
1️⃣ An aggressive entry can be considered at the CMP.
2️⃣ Conservative traders may wait for confirmation above ₹2500 for momentum trades.
3️⃣ SL 5%
4️⃣ TP at 10% and TP2 at 20%, depending on price action.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Drop your thoughts below in the comments section if you liked this analysis!✌️
🔥Happy trading!⚡
1️⃣ Price has been respecting the channel.
2️⃣ The price has now reached a strong demand zone, increasing the likelihood of a reversal.
3️⃣ Risk-reward ratio looks promising, but stronger moves can be anticipated only above ₹2500, provided the stock holds higher levels.
4️⃣ The FMCG sector overall seems primed for a reversal, adding strength to this setup.
✨ My Plan:
1️⃣ An aggressive entry can be considered at the CMP.
2️⃣ Conservative traders may wait for confirmation above ₹2500 for momentum trades.
3️⃣ SL 5%
4️⃣ TP at 10% and TP2 at 20%, depending on price action.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Drop your thoughts below in the comments section if you liked this analysis!✌️
🔥Happy trading!⚡
עסקה פעילה
Anubrata Ray ⚡
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
Anubrata Ray ⚡
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.