Looks more worries ahead for NESTLE India.
Technically looks weak on the chart, today after much resistance finally ended lower to the mid-line, which acted as resistance for long time
Looking for convincing Red Candle at the start tomorrow. If YES< we can see Nstle at the lower end of the channel and Recovery in JUNE
Target 1st : 15000
Target 2nd :...
~ Stock is trading in a range from last 29days i.e. 18370 to 17200
~ Completed its 5th Impulse wave now we can expect correction from there as Corrective waves.
~ Option Chain: STRONG BEARISH
~ Price-Vol-Delivery- BEARISH
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NEW DELHI: The country’s two biggest foods and beverage makers Nestle and Coca-Cola said on Tuesday that they are suspending production on a temporary basis at their plants, with the exception of limited essential products, following the country-wide lockdown amidst the Covid-19 scare.
Nestle, maker of Maggi noodles, Nescafe coffee, Cereal infant cereal, and...
Nestle taking support continously and taking the support it is going upside in a curve manner. After travelling so long most chances to fall.
RISK : REWARD RATIO=100:100
THIS IS PURELY FOR STUDY PURPOSE.NSE:NESTLEINDNSE:NIFTY
currently bearish , looks weak ahead , can form low higher pattern from here
Currently add some valuable stock in the watchlist for the long term , wait for the reversal then invest. Avoid fresh buying.
15 min chart makes a nice triangle after a long run.
Volume inside triangle seems to be dried up and breakout of triangle is possible with good volume support.
BUY if the price moves above resistance.
Target - ideally length of flagpole but be cautious as flag is too long
Stoploss - triangle top
First time since 4th Dec, the price is about to close above EMA. Stiff Support is being faced at the psychological 14000 level. The trendline has been broken with a retest. Plus, we see a Triple Bottom. Entered long at 14200 with SL at 14000. Can look for big targets as higher Time frames are bullish
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
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I will update the 2nd entry IF it comes.
R:R is SUPER AMAZING