Nestle is on a downtrend. It broke below the 200 DMA with strong volumes. It has pulled back right till the 200 DMA where it was met with resistance. And now we've 3 strong red candles successively (three black crow candlestick pattern suggestive of bearishness) And the resistance can be seen right at the trendline that I've drawn. Tgt: 15200 SL: use trailing stoploss just above the next candle.
Trade attivo
⋅
Should reach the target by next 2-3 trading days. till then SL should be trailed.