Nestle Ind Bullish on Multiple Moving Averages over 14700 levelsNestle is Bullish over 14700 according to Multiple Moving Averages
NESTLEIND trade ideas
NESTLE INDIA LTDInside candlestick pattern at :
Fibonacci .618 Support @
Previous top support
Trendline support
Rsi near 40
NESTLEIND Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Next Forecast This one is about to complete its wave 3 of 1st Primary Impulse wave , and I am looking this could enter in side way pattern due to its strong move after termination of wave 2 low , its Quite possible the Optimum of scrip moving higher high is still intact due to which my forecast for the next move will be
Side way corrective pattern which we can expect to form as per future bar color placed in the chart
One can look for reversal on weekly basis in order to trade both short and long for upcoming wave 4
Nestle IndiaFlag pattern Formed.
Case-1:(Green Color)
If it breaks Flag Upwards we can see an Upward Movement.
Case-2:(Purple Color)
We may see downfall from CMP and by taking support it can move Upwards.
Case-3:(Red Color)
If it breaks flag Downwards we can see further Downward Movement.
Nestle India Downtrend & Trade Setup !!TREND ANALYSIS
TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
I will update the 2nd entry IF it comes.
R:R is SUPER AMAZING
1:12
NESTLEIND Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Nestle India staying below 11250 - weakNestle India (Nestleind) staying below 11250 - weak, downside breakout/breakdown possible.
Nestleind, Bullish above zone of 12000Recently, nestle has tested 12000 again
so keeping 10-20 points buffer, we can initiate
a short term buy at 12010-20 for target of 12250
NESTLE positional trade setup (beyond technicals0positional setup in nestle and as i written BEYOND technical analysis that truly means its not only about technical analysis and has certain fundamental things logically taken into consideration !
educational purpose only
