📈 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...
Clearly, it has been moving in a channel for months and again the script approached its support trendline. Let's see whether we can find a reversal or its going breakdown this time and trade accordingly.
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.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
here are two possible cases which are mentioned by using diagram
this script is for medium term swing.
good fundamental stock .those traders who are wishing for a good swing in fmcg sector they should go for this
NESTLE INDIA SURE-SHOT SWING TRADE SETUP.
IT HAS TAKEN SUPPORT ON 50MA AND RISING GREAT.
IT ALSO MAKING ONE OF THE PERFECT HARMONIC PATTERN.
SO IT'S GOING FOR THE 18900 TARGET FOR SURE.
Buy around 17650-17700
Stop loss = 17350
Target = 18000,18500, 18900
Today after the days closing NESTLE got me a profit of $5.87 in Paper Trading though, but I believe this won’t stop until I get 3% returns. I got a very nice trade which was predicted by me days ago.
You can see that in my ideas…
NSE:NESTLEIND
DAILY SWING CALL // Wednesday 28th of July 2021 // NSE:NESTLEIND
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 18000
TARGET: 20700+ (15% Around)
STOP...
The analysis is done on daily TF hence price may take few days to few weeks or even months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn...
Today i.e. 4th Nov NESTLE formed a DESCENDING TRIANGLE pattern so It indicates a Short signal with my fav ‘1.4 Risk/Reward Ratio’ and claim your target in a few days…
NSE:NESTLEIND
