NESTLEIND – Symmetrical Triangle Breakout Setup (1D Chart)

I’m watching Nestle India for a potential bullish breakout from a symmetrical triangle on the daily timeframe. Price has been consolidating after a strong impulsive move, and it is now respecting both trendline support and triangle resistance.

🔍 What I'm Seeing

Price created a strong rally, followed by a healthy consolidation.

A symmetrical triangle pattern has formed — showing tight price compression.

Price is currently sitting near the trendline support, indicating buyers are still active.

A breakout above the triangle could trigger the next bullish leg.

📈 Trade Idea

Entry Zone: Around current levels near the triangle breakout

Stop Loss: Placed below the trendline + recent swing lows

Target: Previous strong resistance zone near ₹1383

This gives a clean risk-to-reward setup with a logical structure: risk below support, target at the next major supply zone.

🎯 Why This Setup Makes Sense

Triangle breakout often leads to strong directional moves.

Trendline support confirms buyer strength.

Market structure is shifting bullish after breaking the downtrend earlier.

⚠️ Risk Note

This is not financial advice. Always manage risk properly and wait for a confirmed breakout candle before entering.