Nestle - Sideways to positiveStock dosent seems to be breaking below 2460
Making HH HLs
Slowly but steadily making a way for 2600 soon again
Sl can be kept below 2450
Nestleforecast
NESTLE SWING TRADE | BUY @ 2500 - 2510Buy Nestle India around 2500 - 2510 and add more if gets at lower price near 2470 for the targets of 2610 - 2630 until 2450 is intact on the downside.
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Happy Trading!
InvestPro India
Bearish ABCD In NestleNestle India
Sell PRZ - 22930/23009
SL - 23175 ( Weekly Closing Basis )
Target - 21052/20500
Nestle AnalysisNestle India:
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Price & Volume relation:
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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:
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Yellow line Symmeterrice triangle (Sideways until breaks either side)
Redline: Important Support level
Conclusion: If day low (18352) is taken out & sustain then we can short with a small qty until below trendline is taken out & Once that is taken out we can add further & continues.
Nestle forming flag and pole on higher time frame.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 stock to close above or below the consolidation zone on daily time frame.
Support :- 18850, 18380
Resistance :- 20000, 20500
Stock or stock option can be traded for a swing to positional trading.
Let the market form a price action near the levels before trading.
Nestle Chart Analysis !!📈 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 Before Taking Any Decision On This Analysis.
Nestle BreakDown !! 📈 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 following downward trendline. And look for targets of 16500 and 15300.
Disclaimer : Only For Education Purpose. Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Nestle India Range BreakoutNestle India Range Breakout
Buy Nestle
Closing Price - 17649
Strict Sl - 17300 (Day Closing Basis)
Target - 18600
NESTLE INDIA Head and Shoulder pattern formation on 1 hr chartNestle formed a Head and Shoulder pattern with 50 EMA moving towards 200 EMA in a downward direction.
Nestle Head & Shoulder Patter (30M)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.
Nestle - Bullish Hammer at pullback supportNote: 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.
Short Nestle IndiaSell Nestle if sustains below 18500 with the SL of 18855 and Targets are already marked on the chart.
Happy Trading!
InvestPro India Team
NESTLEIND : Trade SetupNSE:NESTLEIND
Hi Traders,
NESTLEIND is on support level. If this support is broken by it then it will start downward movement and if it will reverse and move above previous high then will try to move upward direction.
Entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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Nestle Weak Below 10600 LevelsNestle has formed strong bearish pattern on weekly chart which is sign of sellers are gaining control of trend. If Nestle breaks the 10600 levels then it can reach to 10000-9800 levels which 200 EMA support.
