NESTLE INDIA LTD
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NESTLEIND - Evening Star

NESTLEIND - Watch out for a good breakdown/ shorting opportunity in 1D timeframe.

A few points to note:


1. There is a weekly reversal sign (bearish - Evening star pattern)
2. The stock is below 50DMA
3. Ascending wedge pattern - Usually is a bearish sign.
4. Overall on a higher timeframe, the stock is rallying - hence it is wise to be cautious and have a hedge.
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