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.
InvestPro India Team
Nestle has been constantly testing the previous highs but not able to break it. While it do so, it is making lower lows, this would mean that if it falls as per the chart there are high chances that it will retest the 17k area.
Alternatively, this will come up to previous high retest.
Nestle India is near crucial support zone on daily chart. It is good opportunity here for taking a Swing Trade.
We can go long after close of strong bullish candle near the support zone.
Target 1: Will be the next resistance zone as marked on chart.
Target 2: After target 1 is achieved we can go for 2nd target as marked on chart.
it is turning bearish and we may likely see a period of no return in the counter for the upcoming year or so!
a kind of top-out formation which suggest long to be avoided as an investment.
it can test 15200-14900 in coming months/years
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….!!!!!
NESTELINDIA Result is coming soon . price take support @ 200 ema , ab=cd harmonic pattern
BUY NESTELINDIA @19450
ADD MORE 19020
CLOSING STOPLOSS BELOW 18920
BOLO JAI GAJANAND
NSE:NESTLEIND is showing a symmetrical triangle (Pennant) pattern.
Here for 29th December'2022 expiry, we can device a safer (chilar) strategy :)
BUY 21000 Call
BUY 19500 Put
SELL 20750 Call
SELL 19500 Put
Margin needed: 65K
Profit: 1200 (chilar profit, but much safe)
Safe below: 20778 (which is well above resistance and Fib 78.6% level.
Also last two days...
Nestle India on the weekly time decisively broken the previous important resistance and closed strongly.
In coming days this stock can do some wonders like axis bank. accumulation zones 19500-600.
Targets can be 20550, 21000, 21400.
Disclaimer : I am not SEBI registered, pls consult your FA before investing.
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.
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...