NESTLE has been consolidating for few years forming a triangle pattern and has clearly broken the resistance now. Based o the calculation, stock is expected to move up in the long term.
Stop loss would be around 1288 price range and expect a potential risk reward ratio of 1:3
Stop loss would be around 1288 price range and expect a potential risk reward ratio of 1:3
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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.