NESTLEIND trade ideas
Penant --> FlagPennant formation till Friday and now it seems to take a flag --> both suggesting long
Pennant Uptrend followed by pennant formation
look for buy about and above the green zone
stop loss - redzone target ~ flag lengt
Nestle - New break out after consolidation at ATHNestle - New break out after consolidation at ATH. Go Long with SL. This is a 3-4 week trade
Nestle India Swing Long (Triple Bottom)First time since 4th Dec, the price is about to close above EMA. Stiff Support is being faced at the psychological 14000 level. The trendline has been broken with a retest. Plus, we see a Triple Bottom. Entered long at 14200 with SL at 14000. Can look for big targets as higher Time frames are bullish
Sell on Rise ( Do you see what i see ??)The Most important factor in stock market is patience , Many people try to enter random patterns and end up losing or sitting with negative Money for a while until the patterns pan out and do not understand their errors until some one show them in clear manner
Proper understanding of how the patterns pan out is very important in trading stocks
i have mentioned here as sell on rise , but it has a conditions to meet they are
01) Wait for reversal at or near the place of short sell indication , if price move above ignore for a while but wait for reversal
02) Enter trade with sell set up
03) once price moves away form the sell point , move the stop to cost + Brokerage
04) Let the trade run for the target
Nestle Bullish on 75 minutes chart as Chikou Span is above cloudNestle Bullish on 75 minutes chart as Chikou Span is above cloud. Additionally Nestle is Bullish on multiple moving averages also.
Bullish signal is almost confirmed since the Price has gone above 14670
Nestle Ind Bullish on Multiple Moving Averages over 14700 levelsNestle is Bullish over 14700 according to Multiple Moving Averages
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.
