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The stock has taken support on its 0.5% fib. level and looks good. all levels are mentioned on chart.
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.
Sell Nestle if sustains below 18500 with the SL of 18855 and Targets are already marked on the chart. Happy Trading! InvestPro India Team
NSE: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...
nestle india is making a flag pattern (falling wedge) we can enter in this after this breakout second thing is this stock is in uptrend on higher timeframe keep watch and buy it buy putting a stoploss and by managing your risk reward.
Targets are marked in green & resistances in orange
Nestle has formed strong bearish pattern on weekly chart which is sign of sellers are gaining control of trend. If Nestle breaks the 10600 levels then it can reach to 10000-9800 levels which 200 EMA support.