NESTLEIND trade ideas
NESTLE INDIANESTLE MAY COME DOWN UP TO 11662.
AND, THEN IT MAY BOUNCE BACK.
HOLD YOUR BREATH.
ONE OF MY CALCULATIONS FOR A LONG PERIOD SHOWS THE PRICE OF NESTLE MAY REACH 13,000 AND FINALLY 16,000.
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Nestle : Potential Mover(Postional)NESTLEIND is one of the Major MNC's in india, as history has told that MNC's generally Outperform Benchmark indices E.g Honeywell , Jockey , 3MINDIA etc.
Entry : Long Above 11755
Stoploss : 3% Trailing
Basic Target: Open To Sky just Trail properly
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Time to be cautious NestleInd fromed triple topTime to be cautious and look for the next opportunity NestleInd fromed triple top on the weekly time frame. first major support 10092.40, 2sec 9084.40, 3rd 8001.34.
Nestle Weekly chart ascending triangle formationNSE:NESTLEIND Weekly chart ascending triangle formation. Upper breakout should take to 13000-13200 levels
NESTLE.. dark colud coverNESTLE after a non sop rally ha formed dark cloud cover pattern on dialy charts..
also forming negative divergence in 4 hr candlestick chart
with todays high as SL would be a good short for targets 11372 11200
Short Term Delivery - Buy NestleindBuy Above 17800 with the stop loss of 17600 for the target of 18500-19000
NESTLE - DOJI AT MULTIPLE TOPMULTIPLE TOPS @ 11738!
DOJI FORMATION YESTERDAY.
IF IT BREAKS ABOVE THE TOP LINE, THEN WATCH OUT FOR NEW TARGETS.
IF THE LOW OF DOJI IS BROKEN THEN EXPECT LEVELS OF 11,150.
AS PER MY OBSERVATION, IT WILL REACH 11,200 LEVEL AND THEN START MOVING UPWARDS.
NESTLEIND Long TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
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.
