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
NESTLEIND trade ideas
Nestle - Resistance Break PossibilityNestle Ind:
Sustaining 18050 -18100 would take it to new 52 week high 18370 and more
Support at 17950
NESTLEIND 1DTHE STOCK IS MAKING KIND OF DOUBLE PATTERN ON DAILY CHART
HUGE SELLING WAS SEEN 4 DAYS AGO THEN CONSOLIDATING IN A RANGE
BEST SELL WILL BE BELOW 17380 ONLY
TARGETS AND STOP LOSS ARE MENTIONED ON THE CHARTS
Trrendline breakoutFirstly Nestle gave a breakout above the 200 SMA with excellent volumes.
then it saw some consolidation confirmed by subsequent lower volumes.
Then there was a pullback right till the 200 SMA from where it has bounced back.
It is also forming a flag pattern & now it broke out of the flag with decent volumes.
Coincidentally, it is also breaking out of the trendline (blue in colour).
So if it sustains above 17500 for 15 mins, then it has the potential to move 4-5% intraday.
Buy > 17500
Target: 18370
SL: The blue colored trendline.
Neste Cup & Handle Breakout point (EDUCATIONAL ONLY)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 financial advisor before any calls and make informed choice
Regards,
Janak
NestleInd - Resistance Breakout DoneNESTLE Ind:
Resistance Breakout Done
Can aim for a New 52 week high 18370
Long above 17640 with a SL 17350
NESTLE INDIA, LONG for target of 20000+Nestle India is coming out of consolidation. Positional Long between 16000-17500
Target: 20000-20500
Timeframe: 3-6 month
Nestle 1D chartPlease enter the trade once u get a proper breakout or reversal from the levels, Do not hesitate to contact me with any queries. Kindly support my views. Thanks
NESTLE Postional Long. Good to add to long term portfolio also.Wedge pattern Breakout Expected.
Green Lines are targets
Red line Stop loss
Buy small QTY before breakout
Add more above yellow line
#NESTLEIND WEEKLY CHART VIEW!!#NESTLEIND WEEKLY CHART VIEW!!
Nestle India Ltd. is trading near mid bollinger band.
Technical indicators are mild bullish.
If price trades above 17400, near by resistance is 18300 and if price closes below mid bollinger band 16457 near by support is 15400 on weekly chart.
