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NESTLEIND

Buy Nestle India for Target 26k to 29K - Short termThe observation is not based on any indicators but a trend pattern and we may see the last leg of rally in Nestle in near term. The stop Loss is low of the last breakout candle on trend line. The immediate target is 26K and further target is 29K+. if it sustains above the 26K on monthly chart. Rationale - Nestle has been consistent with rising price trend in stepwise manner. This is probably last leg rally before it takes some rest. Another thing is the stock is approved for split from shareholders and awaiting the record date.
NSE:NESTLEINDLong
by Sandeepk31
Nestle AnalysisNestle 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 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.
NSE:NESTLEIND
by Option_Kontrol
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.
NSE:NESTLEIND
by TheMamboMomentum