The stock has taken support on its 0.5% fib. level and looks good. all levels are mentioned on chart.
Nestle India all ready to fly. Watch for trendline breakout.
Seems bullish if sustains above 17372 for mentioned two targets Regards
NESTLE india fall expected to 17180
NESTLE is offering a good entry for long swing trade at current levels. SL and profits marked, R:R of 1 : 1.7
Looks Weak @ 15 min time frame
Note: This is for educational purpose only. There seems to be a bullish hammer at pullback support. Similar bullish reversal at support is seen at RSI as well.
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Profit booking in Nestle, look for buy on dip at the zones. The predicted buy & sell zones plotted are an approximation and for accurate levels use the indicator (tradershedge) which updates the levels on real time and also triggers an alert. You can make entry decision once you get a confirmation at the respective marked zones and opt for the next successive...
Sell Nestle if sustains below 18500 with the SL of 18855 and Targets are already marked on the chart. Happy Trading! InvestPro India Team
Possible scenario from your demo forex trader on HDFC Bank.
Nestle is showing 3 Bullish Indicators: 1 - Cup & Handle breakout 2nd time over 17500 - 17600, which is the neckline 2 - RSI > 60, beginning to show strength 3 - Overturn on MACD again and quick crossover of MACD line over Signal Line, indicating +ive divergence of moving averages. 4. High Volume spurt seen and highlighted in chart. Recovery from 17000 level on...
Side ways movement has been completed and new up trend has started. Fresh long position can be initiated.
it may give breakout from weekly high see the last days volume
Nestle India is coming out of consolidation. Positional Long between 16000-17500 Target: 20000-20500 Timeframe: 3-6 month