Nestle formed a Head and Shoulder pattern with 50 EMA moving towards 200 EMA in a downward direction.
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.
get ready foe a dip in NESTLE IND it will reverse from between 12000-14000 buy @ dip nxt target will be more than 8000 points
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...
I will buy NESTLEIND because : It has been taking support at the trend line . It has touched the support. So will be looking at buying opportunities. If it breaks the support look at shorting Entry : 17000 Target : 18600 Stop loss : 16866
The stock has taken support on its 0.5% fib. level and looks good. all levels are mentioned on chart.
Looks Weak @ 15 min time frame
Note: This is for educational purpose only. There seems to be a bullish hammer at pullback support. Similar bullish reversal at support is seen at RSI as well.
Profit booking in Nestle, look for buy on dip at the zones. The predicted buy & sell zones plotted are an approximation and for accurate levels use the indicator (tradershedge) which updates the levels on real time and also triggers an alert. You can make entry decision once you get a confirmation at the respective marked zones and opt for the next successive...
itc stock after long consolidation now both as investing and trading front 'ready to SURPRIZE BIGGGG for trading with 193 sl possible 263 target while as investor , 150 sl for 576.30 target in coming 3.5 year frame while 985 in 7/10 year frame ie 3 time from cmp possible in 2027-2030 in ITC BUT IT WONT BE a straight journey ups and downs shall come
Sell Nestle if sustains below 18500 with the SL of 18855 and Targets are already marked on the chart. Happy Trading! InvestPro India Team
I Have done A Analysis on line chat today , hope you guys will find it useful for trading Targets & stop-loss are already mentioned DON'T forget to check out the related ideas which I have posted down below FOLLOW & LIKE if works & COMMENT
Jubilant food: If price breaks the daily long structure then enter on the pullback
Hii guys this is Trader Kanishk In this video i have told you about the trade confirmation in NESTLEIND Follow all the steps described in the video then go for a long positional trade.