The analysis is done on daily TF hence price may take few days to few weeks or even months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
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EXPLANATION : This is a 1 hour time frame chart of NESTLEIND . It has formed Head & Shoulder pattern // Triple Top pattern , If give a strong breakout and broke its demand zone with high volumes and retest the same , I am bearish on NESTLEIND . If taking support from demand zone trade with multiple confirmations .
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Note: This is for educational purpose only. Please do not trade in F&O.
There seems to be an ascending triangle formation with small build up near resistance. RSI above 60 indicates bullish momentum.
SL: ₹ 17300
It looks life NESTLE is about to breakout and thus push to higher levels. Consider a long position keeping the following levels in mind:
LONG ABOVE: 18290
STOP LOSS: 18130
TARGET 1: 18450
TARGET 2: 18610
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Manage...
DAILY SWING CALL // Wednesday 28th of July 2021 // NSE:NESTLEIND
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 18000
TARGET: 20700+ (15% Around)
STOP...
NESTLEIND - refuses to go down. Below 17500 shows a weakness further. But strong upmove today followed by couple of buying sessions should start pushing towards 52 week high
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
NESTLE INDIA SURE-SHOT SWING TRADE SETUP.
IT HAS TAKEN SUPPORT ON 50MA AND RISING GREAT.
IT ALSO MAKING ONE OF THE PERFECT HARMONIC PATTERN.
SO IT'S GOING FOR THE 18900 TARGET FOR SURE.
Buy around 17650-17700
Stop loss = 17350
Target = 18000,18500, 18900
Nestle posted wonderful profits, but the stock will correct a little bit as per my personal opinion. It will fill the gap around 16100 and then again rally for the all-time high.
FUNDAMENTALLY it's a good stock to hold for the long term, But this it's not the right time to BUY because based on P/E 79 (Below 24 is safe) it's highly expensive.
Technically also BEARISH since it's rejected from 18816 RESISTANCE LEVEL.
8th FEB 2018 This UPTREND is continued.
on DEC 23rd/24th/28th Rejected from 18816 LEVEL become RESISTANCE LEVEL.
18816...
