NESTLE INDIA SHORTLooks 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 : 14000
TimeFrame : Before May Expiry
Strictly for Learning Purpose. Trade at your own RISK
Nestleindia
Nestle suspend production temporarily over coronavirus 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 KitKat chocolate, said in a BSE filing that in view of the countrywide lockdown, operations in some of its locations, inclusive of manufacturing, distribution centers, warehouses, offices and suppliers, have been scaled down or suspended. “The company is closely monitoring the situation and will take all necessary measures as directed by the government and authorities. The impact on the operations of the company cannot be a ..assessed at this point,” Nestle said in the BSE filing. The India unit of the Swiss foods maker did not specify which for products it was suspending manufacturing.
LONG NESTLE15 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
Nestle India Swing Long (Triple Bottom)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
Nestle India Downtrend & Trade Setup !!TREND ANALYSIS
TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
I will update the 2nd entry IF it comes.
R:R is SUPER AMAZING
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