Buy Nestle India: Bullish Wedge Retest Opportunity
Trade Idea:
Nestle India recently broke out of a bullish wedge pattern and is now retesting the breakout level. Additionally, the stock has been rejected from the 200 EMA, which adds to the significance of the current setup.
Entry Point: Buy at ₹2500
Stop Loss (SL): ₹2427
Target Price: ₹2890
The setup offers a small stop loss relative to the potential upside, making it an attractive trade. Ensure to manage your risk and stay updated on market conditions.
Disclaimer: This trade idea is for educational purposes only. Always conduct your own research and consult with a financial advisor before making any investment decisions.
Nestle India recently broke out of a bullish wedge pattern and is now retesting the breakout level. Additionally, the stock has been rejected from the 200 EMA, which adds to the significance of the current setup.
Entry Point: Buy at ₹2500
Stop Loss (SL): ₹2427
Target Price: ₹2890
The setup offers a small stop loss relative to the potential upside, making it an attractive trade. Ensure to manage your risk and stay updated on market conditions.
Disclaimer: This trade idea is for educational purposes only. Always conduct your own research and consult with a financial advisor before making any investment decisions.
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