NESTLE INDIA TECHINCAL ANALYSIS
ELLO FRIENDS I AM AGAIN WITH A NEW IDEA . FRIENDS I HAVE NESTLE INDIA'S CHART PATTERN . FRIENDS IT IS MAKING A DESCENDING TRIANGLE CHART PATTERN. ITS SUPPORT PRICE IS AT RS 16312 , 16084 AND RESISTANCE PRICE IS AT RS 17338 , 17452. ITS TARGET YOU CAN TAKE FOR DOWNWARD IS AT RS 15714 . AND IF IT BREAKS UPWARD ITS TARGET CAN BE RS 17754 .
MY OPINION :- BECAUSE IT IS MAKING DESCENDING TRIANGLE WHICH IS A BEARISH SIGNAL AND THUS I THINK IT CAN GO DOWN IF OPEN WITH RED CANDLE WITH HIGH RED VOLUME THAN YOU CAN SELL.
THANK YOU PLEASE LIKE AND FOLLOW ME .
MY OPINION :- BECAUSE IT IS MAKING DESCENDING TRIANGLE WHICH IS A BEARISH SIGNAL AND THUS I THINK IT CAN GO DOWN IF OPEN WITH RED CANDLE WITH HIGH RED VOLUME THAN YOU CAN SELL.
THANK YOU PLEASE LIKE AND FOLLOW ME .
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