NESTLEIND Looks good at current level. Fundamentally its a good stock. Clear H&S Pattern & near ATH level. Expecting 21900 & then22700 in near term.
Happy to share an observation on Nestle India. Cup & Handle breakout taking place above 17,500. If big candle above 17,500... except Nestle to go to 18,600 - 19,800 in 25-30 trading sessions. RSI > 60. MACD Cross over complete. 3 Bullish indicators. Disclosure: This is for educational purpose and limited knowledge I have in Tech analysis. Kindly consult your...
A negative divergence in price shows a big correction of 30-40% will happen. Price will settle down after correction for long term move.
NESTLEINDIA showing resistance at 16500.
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 1:12
There is double top has been seen in daily chart so 1 can go short below neck line. Traders If I am wrong please suggest me.