NESTLEIND trade ideas
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
NESTLE Ready for uptrend after consolidation.Please take a position only after analysing your targets and stop loss.
Nestle weak below 16100On daily time frame Nestle weak below 16100
Charts are for educational purpose only
NESTLE.. negative divergenceNESTLE on weekly chrts showing clear negative divergence.
daily charts looks weak..
reference helpful for long term investors
Nestle - Short term tradeBelow 16200 price could fall to 15700 & then maybe 15100.
SL 16350 or 16550 depending on which target you are aiming for. Ideally 16550.
Enter only if markets down and price falls below marked price.
NESTLE INDIA 10 DAYS +6.78% PROFIT: TIME TO TIGHTEN STOPSFollow up trade as published on 04 May 20. Time to tighten stops
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field
Nestle India Ltd. - ANALYSISNestle India Ltd. is trading in Narrow Range.
Technical indicators are BULLISH.
If price trades below previous week low (16825), next support is mid bollinger band (16068) and resistance is swing high (18370) on the weekly chart.
Nestle - SideWay - No Position As of nowNestle sideway move in Box. Will wait for breakout at above 18K
NESTLEIND- BEARISH~ Stock is trading in a range from last 29days i.e. 18370 to 17200
~ Completed its 5th Impulse wave now we can expect correction from there as Corrective waves.
~ Option Chain: STRONG BEARISH
~ Price-Vol-Delivery- BEARISH
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Wave Analysis NESTLE INDIA 1D Elliot Wave Analysis
Short Term Elliott Wave view suggests that the rally in Nestle India from March 23 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from 3.23.2020 low of 12200, wave (1) ended at 11705 and wave 2 pullback ended at 9047.50. In the chart below.
Wave (5) is in progress with the Target Price of 18200 to 19157 odd levels.
NSE:NESTLEIND
Nestle suspend production temporarily over coronavirus NEW DELHI: The country’s two biggest foods and beverage makers Nestle and Coca-Cola said on Tuesday that they are suspending production on a temporary basis at their plants, with the exception of limited essential products, following the country-wide lockdown amidst the Covid-19 scare.
Nestle, maker of Maggi noodles, Nescafe coffee, Cereal infant cereal, and KitKat chocolate, said in a BSE filing that in view of the countrywide lockdown, operations in some of its locations, inclusive of manufacturing, distribution centers, warehouses, offices and suppliers, have been scaled down or suspended. “The company is closely monitoring the situation and will take all necessary measures as directed by the government and authorities. The impact on the operations of the company cannot be a ..assessed at this point,” Nestle said in the BSE filing. The India unit of the Swiss foods maker did not specify which for products it was suspending manufacturing.
