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 📉 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...
Same with Nestle as well. Keep an eye on it for Ultra short Term
Nestle India Range Breakout Buy Nestle Closing Price - 17649 Strict Sl - 17300 (Day Closing Basis) Target - 18600
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.
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.
Sell Nestle if sustains below 18500 with the SL of 18855 and Targets are already marked on the chart. Happy Trading! InvestPro India Team
NSE: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...
Expecting NESTLE INDIA to come down to 9400 in couple of months
Nestle 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.