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 trade ideas
#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.
Momentum Trade This has entered in Momentum , one can wait for buy set up to form ,
Or wait for initial 30 Mints candle to form then look for buy and trail the stop
Good luck
NESTLEIND, READY TO GIVE MOVE IN COMING DAYS (CHART# 348)NESTLEIND has given breakout from Flag pattern formed over 1.5 years. Consolidation itself has for 4 months. It gave breakout on Monday and took a pause today (Tuesday) and formed inside candle which is again good sign.
Post 17310, it can give good move. Must have on your watchlist.
Daily view
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.
Thanks
Piyush Gupta
LONG NESTLE INDIANESTLE INDIA TAKE A SUPPORT OF ETL WITH 61.8% RETRANCEMENT SO LONG AT CMP 15685 FOR 16300/16500/16700 VIEW INVALID BELOW 15490
Nestle resumed it's downtrend after a pullbackNestle is on a downtrend.
It broke below the 200 DMA with strong volumes. It has pulled back right till the 200 DMA where it was met with resistance.
And now we've 3 strong red candles successively (three black crow candlestick pattern suggestive of bearishness)
And the resistance can be seen right at the trendline that I've drawn.
Tgt: 15200
SL: use trailing stoploss just above the next candle.
Nestle | Line chart Analysis I Have done A Analysis on line chat today , hope you guys will find it useful for trading
Targets & stop-loss are already mentioned
DON'T forget to check out the related ideas which I have posted down below
FOLLOW & LIKE if works & COMMENT
