Nestle - Sideways to positiveStock dosent seems to be breaking below 2460
Making HH HLs
Slowly but steadily making a way for 2600 soon again
Sl can be kept below 2450
Nestletechnicalanalysis
Bearish ABCD In NestleNestle India
Sell PRZ - 22930/23009
SL - 23175 ( Weekly Closing Basis )
Target - 21052/20500
NESLTE INDIA CHART ANALYSISNestle India form Descending chart pattern where it has gave us nice BreakDown with little Retrecemnt in previous Session.
Now after breaking Previous day low if 1hour Candle get sustain in Below Level we can see further lower levels in NESLTE INDIA
KEEP AN EYE ON IT….!!!!!
Nestle AnalysisNestle India:
---------------
Price & Volume relation:
------------------------------
Monthly: Previous candle low (19050) was taken out clearly but the Volume is not supporting yet & taking hault @important support level.
Weekly: Price & Volume both supporting movement.
Daily: Both supporting.
Pattern:
----------
Yellow line Symmeterrice triangle (Sideways until breaks either side)
Redline: Important Support level
Conclusion: If day low (18352) is taken out & sustain then we can short with a small qty until below trendline is taken out & Once that is taken out we can add further & continues.
Nestle Chart Analysis !!📈 Nestle 📉
My Findings :-
1. Breakout from resistance zone.
2. Close Above March 2022 High.
Bias- Long
Target- 18880, 19934 and 20464
SL- 17861
RR- 1: 3
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Nestle BreakDown !! 📈 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 following downward trendline. And look for targets of 16500 and 15300.
Disclaimer : Only For Education Purpose. Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
