HUGE OI BUILD UP-NOT TO B MISSEDNESTLE fut broke out of harmonic patterns chart on an hourly chart with very good OI build up suggesting long build up.
Could be bought with mention stoploss & targets.
2 IN 1Nestle fut after long process of consolidation made two patterns on hourly/daily charts :- rounding/saucer pattern & cup n handle with decent OI build up suggesting long build.
Risk:Reward 1:3
Not to be missed breakout with mentioned stoploss & targets. (for reference check dabur & hul)
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Frequently Asked Questions
The current price of NESTLE INDIA FUTURES is 2,298.15 INR — it has risen 1.24% in the past 24 hours. Watch NESTLE INDIA FUTURES price in more detail on the chart.
The volume of NESTLE INDIA FUTURES is 1.13 M. Track more important stats on the NESTLE INDIA FUTURES chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For NESTLE INDIA FUTURES this number is 7.79 M. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for NESTLE INDIA FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for NESTLE INDIA FUTURES. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of NESTLE INDIA FUTURES technicals for a more comprehensive analysis.