After a long fall, when we apply Fibonacci retracement from the high to the low, it shows a 0.5 retracement, and the fall continues. Moreover, the previous lower low has been breached by the present candle. I am confident that this downward trend will persist on February 29th, 2024. Yes, I am aware it's a Thursday. Additionally, the NESTLEIND FMCG index also...
Nifty Analysis - Stance Neutral ➡️
Recap from yesterday: “Our stance for tomorrow is bullish and since these are all games of probabilities we reserve the right to be wrong as would like to keep the 21826 area as a good stop loss.”
4mts chart
Just when we thought things were swinging in our favor, Nifty took a U-turn and is now back in neutral territory....
The observation is not based on any indicators but a trend pattern and we may see the last leg of rally in Nestle in near term.
The stop Loss is low of the last breakout candle on trend line.
The immediate target is 26K and further target is 29K+. if it sustains above the 26K on monthly chart.
Rationale - Nestle has been consistent with rising price trend in...
Buy Nestle India if sustains above 21100 for the marked targets on the chart until 20300 on the downside is intact.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nestle India is near crucial support zone on daily chart. It is good opportunity here for taking a Swing Trade.
Entry
We can go long after close of strong bullish candle near the support zone.
Target
Target 1: Will be the next resistance zone as marked on chart.
Target 2: After target 1 is achieved we can go for 2nd target as marked on chart.
Stoploss
We can...
it is turning bearish and we may likely see a period of no return in the counter for the upcoming year or so!
a kind of top-out formation which suggest long to be avoided as an investment.
it can test 15200-14900 in coming months/years
Nestle India on the weekly time decisively broken the previous important resistance and closed strongly.
In coming days this stock can do some wonders like axis bank. accumulation zones 19500-600.
Targets can be 20550, 21000, 21400.
Disclaimer : I am not SEBI registered, pls consult your FA before investing.
Nestle India has been consolidating in a flag and pole pattern. The stock has taken support from its 20 DMA and respected the levels convincingly
The stock on the hourly time frame has been trading around its 20 ema.
Stock on the monthly basis has never closed above 19750.
If the stock breaks out or breaks down a nice movement can be achieved.
Wait for the...
Nestle india turning bullish from neutral looking good on weekly charts and showing strengths on some parameters pointed out on chart
Cause of Long-:
1- Falling trendline resistance line breakout
2- Bullish initiation on macd indicator
3- Above on rsi indicator support levels
The analysis is as shown on the Chart.
Wait for retest and strong confirmation candle supported by volume and delivery.
this is my view and for educational purpose only
📈 Nestle 📉
My Findings :-
1. Breakout from resistance zone.
2. Close Above March 2022 High.
Bias- Long
Target- 18880, 19934 and 20464
SL- 17861
RR- 1: 3
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor...
There exist regular bullish divergence between MCAD and price which is the sign of trend reversal and most probably price appreciates to the 2 defined targets.
There are chances that the price touches the 61.8% of Fibonacci retirement level even and then continues its bearish cycle.
The overall script sentiment is bearish as the entire markets are falling yet...
Currently the stock is discounted at 16% from all time high levels.
Nestle (TF=W):
1. Rising Channel Breakdown
2. Rejection from 5 Days Exponential Moving Average
3. Negative Crossover of 5, 13 Weeks Exponential Moving Average
4. Gave a closing below 100 Days Exponential Moving Average
5. Next Support is coming around 16,300
6. RSI below 40 (which is again a...
📈 Nestle 📉
Nestle was taking support at Upward Parallel Channel since October 2020 and today it broke down. Break off this Definitely shows signs of trouble in stock.
On The upside in sync with downtrending trendline and started forming lower highs and lower lows.
My View : Look for shorting opportunities as it broke the upward trendline and started...
