NESTLEIND 21.08.2024
Buy-2551
Target 01-2643, Target 02-2761
Stop Loss-2447
Risk Reward- 1:2
After the good uptrend from March 2023, price is
under consolidation from Beginning of January
2024. Hopefully it us under the formation of
Bullish Flag and trying to provide the big breakout.
1.Breakout- Inside Bar
2.Trend- Uptrend in higher TF & trying to break the downward range in shorter time frame.
3.KeyLevel- second time rejection from resistance converted to support zone.
4.Volume- Average volumes. Need more & above average volumes in next sessions for more rewards
5. EMA- Perfect rejection from 200 EMA. Price is above 21 EMA & 50 EMA
6. Chart Pattern- bullish flag in the border view
7.RSI- Strong bounce from 30 RSI. Still very good potential for more movement.
Trade active
Struggling!! Trade active
Almost at targetTrade closed: target reached
Target reached!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.