Buy 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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InvestPro India
The 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...
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
Nestle 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...
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...
The Details and explanation are given on the charts.
* It can either start falling directly or can retrace or consolidate before making a downmove.
S.L is mandatory in such volatile market conditions and You can also trail S.L (Totally depends on your trading style)
- I urge the trading view community to engage and share their views on this setup. and If you...
NSE:NESTLEIND
Everything mentioned on chart. Kindly trade as per your trade setup.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
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 .
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NESTLEIND broke out from its year long resistance on the Daily chart and has successfully pulled back and the bullish action has resumed. Odds are in favor of the stock moving further upward toward the 6.854 Fib zone of 22850.
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
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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
