NESTLE India Trading SetupMoving above the long time resistance area of 17850-18000. If can sustain above these levels, can move towards all time highs.
NESTLEIND trade ideas
NESTLEIND Buy - Full Analysis
NESTLEIND
Buy- Above 17900
SL - 17600
Target - 18520 19215
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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Go long Nestle India Limited is engaged in food business. It manages brands like NESCAFE, MAGGI, KitKat, BarOne, Alpino, Munch, Eclairs and POLO.
Price action Bullish - 1:3 risk reward reationCMP: 17545, T: 17695, SL: 17495
Study:
1. Stock is taking support from trend line
2. Short term trend line breakout
#Nestle cash : Looks weak below 17400#Nestle cash -Positional
30.05.2021
Looks weak below 17400
stoploss 17550
Target 17160/16850
Cmp 17509.40
NESTLE INDIA - SHORTNestle India is currently in a triangle pattern at it is respecting it perfectly on hourly chart.
It is at it's peak level of its pattern. So, it has a very high probability of going downwards.
Entry - current level
Stoploss- 17600
Target - 16480
Nestle India - Intraday | 20th MayStock has made a bullish candle on daily breaking the Trendline.
Looks good above 17525 for targets of 17650, 17700 and 17750
P.S. Stock might re-test TL before again moving up, keep in radar for next few sessions
NESTLE: INDIA'S MOST LOVED BRAND ❤️Nestle has formed symmetrical triangle pattern on weekly tf. Closing and sustaining above 17440 can lead to a potential breakout.
NESTLE INDIA TREND ANALYSIS 17.05.2021BUY 16870
TARGET 18834
Reason For Buying This Script :
In this script in long term it is travelling in trend line & channel line in monthly time frame . Now price are bounced near the channel line .
Once if the price closed above this level 18834 means. And next Long term target up to 23479.
Last weak it has moved around 3 % it may retest the 16870 level or else it may not. some time it wont retest the movement so be ready to buy at current market price.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
would this make the Big indian breakout?Let me know your views, one of the most undervalued largecaps.
Can go short at wedge resistanceIf any reversal candle pattern appears at channel resistance cn go short with good RR with targets at around 16600
Nestle has begun upmoveNestle has broken the long term downward trend line decisively. It has also broken the neckline which was an important resistance line. This clearly indicates that the stock is poised for upmove from here on. A minor pull back to 17020 presents an entry opportunity with a near-term target of 18000.
NESTLE AT GOOD BUYING ZONESNESTLE
TIME FRAME - WEEKLY
TREND - UPWARD
BUYING ZONE - BLUE LINES OR TREND LINE
TARGETS - GREEN LINES
STOP LOSS - RED LINE
