NESTLE INDIA long positional trade ConfirmationHii guys this is Trader Kanishk
In this video i have told you about the trade confirmation in NESTLEIND
Follow all the steps described in the video
then go for a long positional trade.
NESTLEIND trade ideas
Nestle : Bullish Structure16930 is the hurdle above which the counter looks good for 17500 at least.
NESTLE INDIA buy on breakoutnestle india is making a flag pattern (falling wedge)
we can enter in this after this breakout
second thing is this stock is in uptrend on higher timeframe keep watch and buy it buy putting a stoploss and by managing your risk reward.
NESTLEIt has activated an Ichimoku bearish C Clamp in weekly time frame and has entered into the Kumo in daily time frame which is also in sync with weekly for its next downside level at 15000. The view would be negated above 17300
Buy NestleInd abv 16300Keep eye on NestleInd,
It will give breakout above 16300
Tgt and Sl mentioned on chart..
Work with RAT Algo
NESTLEIND - At Supports ... Ripe for a bounce NESTLEIND is at levels wherein supports come in from multiple sources. (16,000-16,150) is the range wherein we can notice clear supports from erstwhile lows and the 38.2% Fibonacci Retracement. Considering the fact that the stock has been under-performing the benchmark Nifty for past few weeks now, there is a high chance that the stock will attempt a bounce back. Look for a move above 16,300 which can infuse buying impetus for a move towards 17,200 and 17,600.
NESTLE INDUSTRIES Long @ Rs. 16220NSE:NESTLEIND
Entry 16220
Target 17000
SL 15974
Stock is trading at CMP 16220, price is supported by weekly demand zone. overll stock is in uptrend.
Enter in this stock at 16220 for the target of 17,000/- hold for one week.
NESTLE INDIA SHORTLooks more worries ahead for NESTLE India.
Technically looks weak on the chart, today after much resistance finally ended lower to the mid-line, which acted as resistance for long time
Looking for convincing Red Candle at the start tomorrow. If YES< we can see Nstle at the lower end of the channel and Recovery in JUNE
Target 1st : 15000
Target 2nd : 14000
TimeFrame : Before May Expiry
Strictly for Learning Purpose. Trade at your own RISK
Nestle India - Short term supportCritical support around 16100.
If it breakdown below we short the stock. SL 1.5%.
If it bounces from 16100 go long. Watch it closely since 16100 is a key level.
Nestle India Ltd. - WEEKLYNestle India Ltd.
The stock is trading below the previous week's low and has given a close below the TE MINOR BAND.
RSI is mildly bearish.
***TRADINGEDGE TIME-TREND INDICATOR IS BEARISH***
***TE MINOR BAND IS IN RED ZONE***
If the price closes below 16366, the next support is 15500 and the resistance is 17920 on weekly chart.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
NESTLE Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Nestle Cup and Handle formation in progress.For education purpose as still learning the pattern.
Still learning to find entry and target.
NESTLEWhen most charts were crashing, Nestle was one of the few that were making new highs. In the current scenario, it looks like a flag and pole on daily and cup & handle formation on 75. Wait for cup & handle to give breakout for even newer highs!
Add this to the watchlistThis is likely to bounce of the support. As of now its an Inside day, but will give it a day or two for the reversal confirmation on the support
