Nestle has begun upmove

2021年3月30日

Nestle has broken the long term downward trend line decisively. It has also broken the neckline which was an important resistance line. This clearly indicates that the stock is poised for upmove from here on. A minor pull back to 17020 presents an entry opportunity with a near-term target of 18000.

2021年5月9日

トレード終了: 利益確定目標に到達

After almost reaching the target of 18000, the stock has now started consolidating at lower levels. With no further tailwinds, there is going to be less activity in this scrip. Let us see how the price pattern develops in the next 2 weeks before making the next call.