📈 Nestle 📉
Nestle was taking support at Upward Parallel Channel since October 2020 and today it broke down. Break off this Definitely shows signs of trouble in stock.
On The upside in sync with downtrending trendline and started forming lower highs and lower lows.
My View : Look for shorting opportunities as it broke the upward trendline and started following downward trendline. And look for targets of 16500 and 15300.
Disclaimer : Only For Education Purpose. Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Nestle was taking support at Upward Parallel Channel since October 2020 and today it broke down. Break off this Definitely shows signs of trouble in stock.
On The upside in sync with downtrending trendline and started forming lower highs and lower lows.
My View : Look for shorting opportunities as it broke the upward trendline and started following downward trendline. And look for targets of 16500 and 15300.
Disclaimer : Only For Education Purpose. Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
