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ShelendrAgrawal

Nestle BreakDown !!

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NESTLE INDIA FUTURES (NSE:NESTLEIND1!)  
ShelendrAgrawal  
NSE:NESTLEIND1!   NESTLE INDIA FUTURES
Trend Analysis Support and Resistance Parallel Channel nestleindia nestle nestleanalysis nestletrade nestletechnicalanalysis nestlesetup nestleforecast nestleshort nifty50
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trendanalysis supportandresistance parallelchannel nestleindia nestle nestleanalysis nestletrade nestletechnicalanalysis nestlesetup nestleforecast nestleshort nifty50
📈 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.
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