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...
Double bottom were formed and retested as well and today gave beautiful up move but drawback from resistance...
Nestle India Sell PRZ - 22930/23009 SL - 23175 ( Weekly Closing Basis ) Target - 21052/20500
Nestle looking good for a long at cmp of 22666 , a good pattern breakout and retest is done , can reach targets of 23k and 24k in coming days if idea goes right , RR 1:3 SL at 21200 , medium to short term swing with good RR
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
#NESTLEIND SELL CALL TARGET 17450 SL 19650 nESTLE iNDIA. alREADY BREAKOUT HAPPENED IN 4 HOURS CHART. After Retesting, it is trending down side..
Nestle India form Descending chart pattern where it has gave us nice BreakDown with little Retrecemnt in previous Session. Now after breaking Previous day low if 1hour Candle get sustain in Below Level we can see further lower levels in NESLTE INDIA KEEP AN EYE ON IT….!!!!!
Nestle stock rising wedge pattern wait for breakout intraday ,okhy
Nestle India: --------------- Price & Volume relation: ------------------------------ Monthly: Previous candle low (19050) was taken out clearly but the Volume is not supporting yet & taking hault @important support level. Weekly: Price & Volume both supporting movement. Daily: Both supporting. Pattern: ---------- Yellow line Symmeterrice triangle (Sideways until...
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 📉 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...
Nestle India is showing a RSI Divergence and good upward trend. Targets are as mentioned on the charts. This is for educational purpose only. Let me know your thoughts in the comments section.
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...
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 . If you like this analysis of Stock give a Like...
I can see a good channel breakout in the Nestleind stock on a daily timeframe. Retest also completed. That's why this stock looks excellent for the swing trade. This stock was consolidating in a channel for almost more than 500 days. And now it gave a breakout. Let's see. How it will perform.
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 _______________________________________________________________________________________________________________________________________________________ Manage...
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