🚀 2 Swing Trade Picks for 11th June: ITC & NESTLEIND Look Ready to Break Out!
Looking for high-conviction swing trades this week?
The FMCG sector is showing signs of momentum, and two giants — ITC and Nestle India (NESTLEIND) — are flashing strong technical setups.
In this post, we explain why these stocks are buzzing and discuss their ideal entry points, target levels, and stop losses, all backed by chart analysis and trader sentiment.
📌 Why Focus on FMCG Stocks Right Now?
As market volatility continues, institutional investors are renewing their interest in the FMCG sector. Defensive stocks like ITC and Nestle India often become favorites during uncertain phases.
Also Read - 🚀 8 High-Momentum Stocks for 9th June– Detailed Analysis for Smart Traders
These stocks are part of Nifty50, have high liquidity, and are technically aligned for a short-term breakout — perfect for swing traders.
📈 ITC Ltd (NSE: ITC)
Chart Setup:
Strong support near ₹420
Daily timeframe showing a reversal candlestick
Buying volume is increasing
RSI bouncing from the oversold zone
📍 Entry Range: ₹420 – ₹423
🎯 Target 1: ₹435
🎯 Target 2: ₹442
🛡️ Stop Loss: ₹413
🔍 Swing View:
This stock is ideal for low-risk traders looking for steady moves with tight stop-loss and decent reward.
🍫 Nestle India Ltd (NSE: NESTLEIND)
Chart Setup:
Bullish flag breakout forming
Reversal from ₹2,350 levels with volume surge
Near-term moving averages support upward momentum
📍 Entry Range: ₹2,355 – ₹2,370
🎯 Target 1: ₹2,420
🎯 Target 2: ₹2,470
🛡️ Stop Loss: ₹2,320
🔍 Swing View:
A high-quality stock with strong fundamentals, Nestle India can provide both technical and fundamental edge to swing traders.
📊 Final Thoughts: Should You Enter These Trades?
If you're a short-term trader looking for low-risk, high-reward opportunities, both ITC and NESTLEIND offer promising swing setups for the coming week. With tight stop-losses and well-defined targets, these trades align well with capital protection and upside potential.
🔖 Pro Tips for Swing Traders:
Always stick to your stop-loss to avoid capital erosion
Use partial booking if the stock hits Target 1
Monitor volume confirmation daily
Use a tool like TradingView or Chartink to track movement
📢 Share Your View!
💬 Have you already entered any of these trades? What’s your target?
Tell us in the comments below!
And don’t forget to bookmark Tradingneu for daily swing trade ideas and market analysis.
📌 Tags:
#SwingTradeStocks, #ITCSwingTrade, #NestleIndiaTargetPrice, #Nifty50Technicals, #FMCGStocksIndia,