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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.
NSE:NESTLEIND
by Option_Kontrol
Nestle forming flag and pole on higher time frame.Nestle India has been consolidating in a flag and pole pattern. The stock has taken support from its 20 DMA and respected the levels convincingly The stock on the hourly time frame has been trading around its 20 ema. Stock on the monthly basis has never closed above 19750. If the stock breaks out or breaks down a nice movement can be achieved. Wait for the stock to close above or below the consolidation zone on daily time frame. Support :- 18850, 18380 Resistance :- 20000, 20500 Stock or stock option can be traded for a swing to positional trading. Let the market form a price action near the levels before trading.
NSE:NESTLEIND
by TheMamboMomentum
Nestle (Bearish View)Currently the stock is discounted at 16% from all time high levels. Nestle (TF=W): 1. Rising Channel Breakdown 2. Rejection from 5 Days Exponential Moving Average 3. Negative Crossover of 5, 13 Weeks Exponential Moving Average 4. Gave a closing below 100 Days Exponential Moving Average 5. Next Support is coming around 16,300 6. RSI below 40 (which is again a sign of Bearishness) Nestle (TF=D): 1. Stock is continuously in a Downtrend making Lower highs and Lower lows. 2. Channel Breakdown and has also retested the levels 3. Negative Crossover of 5, 13 Days Exponential Moving Average 4. Gave closing below 200 Days EMA Addl Points: 1. FII/FPI have increased holdings from 12.31% to 12.35% in Dec 2021 qtr. 2. Mutual Funds have decreased holdings from 3.83% to 3.78% in Dec 2021 qtr Note: 1. This is just for educational purpose
NSE:NESTLEIND
by deeptinseth
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.
NSE:NESTLEIND1!Short
by ShelendrAgrawal
NESTLEIND : Trade SetupNSE:NESTLEIND Hi Traders, NESTLEIND is on support level. If this support is broken by it then it will start downward movement and if it will reverse and move above previous high then will try to move upward direction. Entry and target level on chart. ********************************************************************************************************************************** If it is helpful for you, please show your support and hit the LIKE button. Provide some feedback below in the comment! This would give us encouragement to keep sharing our ideas here on this platform. ###Learn To Earn### * This analysis is educational/learning purpose only. * Trade at your own risk. Trade well, **********************************************************************************************************************************
NSE:NESTLEIND
by vimal.kr.pathak