NESTLEIND trade ideas
Waiting for breakdown or reversal from BO retest#NestleIndia is forming #EveningStar kind of pattern. Previous weekly candle formed O=H and last weekly candle closed below that. 18000 is the high of recent ultra-high volume candle.
But lack of volume during the last two candles fall suggest that it could be a temporary pullback. Considering this as a BO retest, chances of a bounce is high.
18000 is LOC. However sustaining below 18000 can increase pressure of long unwinding.
NESTLE for swing entry NESTLE is offering a good entry for long swing trade at current levels.
SL and profits marked, R:R of 1 : 1.7
Nestle - Bullish Hammer at pullback supportNote: 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.
NESTLE INDIA - KEY BREAKOUT LEVELS FOR 7 JAN 2021 For more charts, please contact me via direct message
Nestle - Good to buy on dip - 06 JanProfit booking in Nestle, look for buy on dip at the zones.
The predicted buy & sell zones plotted are an approximation and for accurate levels use the indicator (tradershedge) which updates the levels on real time and also triggers an alert.
You can make entry decision once you get a confirmation at the respective marked zones and opt for the next successive zones as expected targets in the direction of the trend.
Happy Trading !
Short Nestle IndiaSell Nestle if sustains below 18500 with the SL of 18855 and Targets are already marked on the chart.
Happy Trading!
InvestPro India Team
analysis of nestleind.plzz comment whether its corect or wrongshort or buy after tend ... waiting for big momentum..plzz cooment down what u think.
channelTO SHORT LOOK FOR FALSE BREAK ON UPPER TRENDLINE
TO BUY LOOK FOR HAMMER/PRICE REJECTION ON LOWER TRENDLINE
Cup & Handle - Attempt#2 - Nestle - TGT 18600 - 19700Nestle is showing 3 Bullish Indicators:
1 - Cup & Handle breakout 2nd time over 17500 - 17600, which is the neckline
2 - RSI > 60, beginning to show strength
3 - Overturn on MACD again and quick crossover of MACD line over Signal Line, indicating +ive divergence of moving averages.
4. High Volume spurt seen and highlighted in chart. Recovery from 17000 level on the same day. Show lower price rejection
Coming to takeaways:
1. Basis Cup & Handle breakout, TGT 1st TGT should be 18600 in approx 30 session to 19700 maximum.
2. SL should be Low of highest volume day seen recently which is 17000 and it is also the 1/2 of neckline.
Disclosure -
1. Consult your advisor before making any calls. This blog is for educational and back testing purpose only.
Long on NESTLESide ways movement has been completed and new up trend has started. Fresh long position can be initiated.
it may give breakout from weekly high it may give breakout from weekly high see the last days volume
Nestle Wedge Break Out PossibleReasons to go long:
1. Wedge Break Out
2. Can Break all time high
3. All FMCG stocks are Strong
Due to all these reasons one can go long on Nestle after break out
Nestle - Resistance Break PossibilityNestle Ind:
Sustaining 18050 -18100 would take it to new 52 week high 18370 and more
Support at 17950
