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TECHNICAL ANALYSIS OF NSE:NESTLEIND
The LAST CLOSE PRICE of NSE:NESTLEIND is 17506.7 . The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.382 at the FIBONACCI STOCK PRICE LEVEL of 17563.5. From here, the Key Support and Resistance levels are SUPPORT 1 at...
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
NESTLEIND
Buy- Above 17900
SL - 17600
Target - 18520 19215
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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NSE:CNXFMCG had formed a triangle and has given breakout now.
The Restest of an important level has been done so we can expect the index to go up.
Keep eyes on NSE:ITC , NSE:NESTLEIND , and NSE:JUBLFOOD .
Nestle has broken the long term downward trend line decisively. It has also broken the neckline which was an important resistance line. This clearly indicates that the stock is poised for upmove from here on. A minor pull back to 17020 presents an entry opportunity with a near-term target of 18000.
Nestle took support at short term trendline, good for a long trade.
Disclaimer: This is my personal view, please consult your financial advisor before taking any trade.
Nestle posted wonderful profits, but the stock will correct a little bit as per my personal opinion. It will fill the gap around 16100 and then again rally for the all-time high.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
FUNDAMENTALLY it's a good stock to hold for the long term, But this it's not the right time to BUY because based on P/E 79 (Below 24 is safe) it's highly expensive.
Technically also BEARISH since it's rejected from 18816 RESISTANCE LEVEL.
8th FEB 2018 This UPTREND is continued.
on DEC 23rd/24th/28th Rejected from 18816 LEVEL become RESISTANCE LEVEL.
18816...
Buy with sl below 16600 for target of 19000. Price has comfortably breached above consolidation. Range has expanded . Volume is still average. Closed abv all moving averages. RSI has broken from consolidation , satisfying the bullish case.
Disc : it's not an investment advice to buy or sell
