Nestle India - Ascending Triangle BreakoutNestle India - Bullish Breakout
1. Nestle has given Ascending Triangle Breakout of almost 500 Day Consolidation with more than average volumes.
2. The price is forming perfect Dow Theory and Making Higher High and Higher Low.
3. Buy 19000-19500 with SL = 18450-500
Targets = 22000-22500
# Do your Own Analysis Before taking the Position.
NESTLEIND trade ideas
Nestle India Ltd.NSE:NESTLEIND
Nestle India Ltd.
DATE - AUG 19, 2021.
Top Company of Consumer Food sector.
TECHNICAL ANALYSIS.
1. Stock give breakout of PREVIOUS SWING HIGH.
2. Stock make a NEW ALL TIME HIGH.
3. ALLIGATOR is positive.
4. SUPERTREND is positive.
5. Avg. DELIVERED & TRADED Qty.
6. Stock traded ABOVE MA 21/50/100/200/250/300.
FUNDAMENTAL ANALYSIS.
SECTOR: Consumer Food
1. MARKET CAP - ₹ 1,82,331.76 Cr.
2. P/E - 82.46
3. P/B - 81.49
4. ROE - 105.76%
5. ROCE - 147.88%
6. EPS - 229.34
7. DEBT - ₹ 34.84 Cr.
8. CASH - ₹ 1,769.87 Cr.
DISCLAIMER - All analysis are for educational purpose. it is not a trading or investment advise.
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NESTLEIND about to break out.It looks life NESTLE is about to breakout and thus push to higher levels. Consider a long position keeping the following levels in mind:
LONG ABOVE: 18290
STOP LOSS: 18130
TARGET 1: 18450
TARGET 2: 18610
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Manage your risk and trade your plan. :)
A good opportunity in NESTLE INDWait for the break out or watch for buying opportunities above 17809 . After days for consolidation finally on the verge of breakout
Can put a strict SL on 17534 and breakeven the trade if price touches 18141 and book near 18643. Potentially a good risk to reward trade.
Time frame- 1H NSE:NESTLEIND
[Intraday] NESTLEIND Assumptive Head and ShouldersNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
NESTLEIND "
TECHNICAL ANALYSIS OF NSE:NESTLEIND
The LAST CLOSE PRICE of NSE:NESTLEIND is 17506.7 . The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.382 at the FIBONACCI STOCK PRICE LEVEL of 17563.5. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 18189.3 with RESISTANCE 1 and RESISTANCE 2 at 17230.9 and 16999.45 respectively. The Key 50% FIBONACCI LEVEL stands at 17222.15 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 20.43 and 14.57 respectively. At this level it the status is OVER SOLD. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 65.94 and 19.6 at 109.45 along with HISTOGRAM showing values of -43.57, the STATUS is clearly DOWNWARDS.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -1.43 and -1.21 with TREND CHANGED TO SELL as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.7185 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 78.44 which signifies its Price Level to be TOO EXPENSIVE.
>>> RECOMMENDATION is : SELL ."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Nestle will make all time high in July 19300 Coming Soon.🚀Nestle is riding on powerful Elliot Wave 3 , with the mooning going to start immediately, its going to give its all time high and more as per Elliot Wave 3 and Elliot Wave 5. Fibo timeline suggests 19300 might be achieved by July 15. Go Long on Nestle and get reward.
PS : Maths Moves Markets, Not News , Not Fundamentals, No Speculations, Chart is the only trustworthy resource and Profit is the only King!
Nestle India Ltd - Triangle Breakout - LongHi Guys,
Please find the analysis:
Script Name: Nestle India Ltd
Trend : Uptrend
EMA: Bullish
ATR Volatility: Flat
Time Frame Analysis: 1Hr / Daily
Candlestick Pattern:
Whether any Trend Reversal Pattern? Hanging Man
Candlestick Pattern was support with good volume? No
Chart Pattern:
Flag Pattern / Triangle Pattern
Breakout Happened with good volume? – Yes
Before Breakout Buildup (Consolidation) was happened? Resistance
Retest Happened? Not Yet - Awaited
Trend Analysis:
Support: 16037
Resistance:17979
Buy Price: 17735-17740
SL: 17320
Target: 18855
Risk: 420
Reward: 1115
Ratio: 1:2.65
Whether Trade is Favorable or Not? Favorable
1hr Time Frame:
Regards,
Thenali Views
Disclaimer: Kindly do your own analysis before executing the trade.