NESTLEIND trade ideas
NESTLEIND : Trade SetupNSE:NESTLEIND
Hi Traders,
NESTLEIND is on support level. If this support is broken by it then it will start downward movement and if it will reverse and move above previous high then will try to move upward direction.
Entry and target level on chart.
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Synergistic Pattern: Advance pattern (W+Flag) + Support MA 200Levels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
Kindly like & share this pattern. Comment with what do you think.
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Entry: 16450
SL: 15950
Target: 17450/ 18200
RR: 2.0/3.5
Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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NESTLEINDIA ANALYSIS 17.08.2020IN WEEKLY IT IS IN 16354 PROPER SUPPORT . ONCE IF IT BREAK 16354 THEN WAIT AND WATCH WHERE IT IS OPENING.IF NOT BREAK MEANS GO FOR BUY .
BUY 16354
TARGET 16587 TO 1800
IF IT OPEN IN GAP DOWN BUY AT
BUY 16161 TO 16020
TARGET 16720
WAIT AND WATCH FOR BETTER CONFORMATION.BECAUSE IT IS IN SIDE WAY.
Nestle India Ltd. - WEEKLY CHARTNestle India Ltd. taking support at the lower line of the symmetrical triangle pattern and probable support on the downside comes at 16350-16550 zone.
RSI too taking support from 50 level suggesting underlying positive bias in the stock.
Breakout in the stock to take place above swing high of 17770.
Keep a watch.
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