Nestle Important Trendline Support Broken buy Nestle
Price May come to Support 14900-15000 Levels
*Do your Own Analysis Before Taking any Position*
NESTLEIND trade ideas
NESTLEIND Can show upward movementI will buy NESTLEIND because :
It has been taking support at the trend line .
It has touched the support.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 17000
Target : 18600
Stop loss : 16866
Nestle - BreakdownAs warned yest FMCG was at critical levels and close to a breaking down. The first one to do so was Nestle India.
Nestle needs to quickly recover 16975 and then 17150 quickly else it will form a good short trade.
The next time Nestle falls below 16800 its a clear short trade...for now watch to see what it does tomorrow.
The perfect Pullback.After the trendline breakout, the price seems to take a pullback & is now testing it's previous resistance which is now a support.
Another support- 200 SMA
So clearly there's a confluence.
Target- All time high
SL- 200 SMA
.
.
Previous breakout was predicted at the right time. Link below:
nestle india swingThe stock has taken support on its 0.5% fib. level and looks good.
all levels are mentioned on chart.
Nestle long ideaNestle is reverse from bottom out with chart pattern double bottom.That is confirmation for upside
Target would be 14550-590 next 17750-80 soon
[Positional] Nestle Swing Buy BetJust buying now.
Note -
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.
=======
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. Please refer to the link to my footer and explore further if You want.
=======
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.
=======
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.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
=======
