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Waiting for breakdown or reversal from BO retest

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NSE:NESTLEIND   NESTLE INDIA
#NestleIndia is forming #EveningStar kind of pattern. Previous weekly candle formed O=H and last weekly candle closed below that. 18000 is the high of recent ultra-high volume candle.

But lack of volume during the last two candles fall suggest that it could be a temporary pullback. Considering this as a BO retest, chances of a bounce is high.

18000 is LOC. However sustaining below 18000 can increase pressure of long unwinding.
Bình luận:
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Bình luận:
NestleInd is down by 1000 points from the level mentioned 18000.

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