NESTLEIND trade ideas
Could that be the end of the uptrend?Looks like a divergence where RSI is forming lower lows while prices form higher lows.
Could that be the end of the uptrend?
Nestle India : Value Pick for Medium Term Investment ... Dear All , Everything is mentioned Over the Chart ... Good Luck !!!
#NESLEIND2 BH>50%CH candles
CCI(D/M) crosses 100
TGC with strength candle
Gap Support with volume
Target 9372 / 9565
SL Gap Support Breach with strength
NSE:NESTLEIND ShortNSE:NESTLEIND formed bearish engulfing candle at lower top.
High = 7880
Low = 7695.20
Entry = 7787.6
Delta = 184.8
Target 1 = 7602.8
Target 2 = 7418
Stop Loss = 7880
Nestleind - Short ideaThe stock is at resistance one can go short at 7583.2 with SL at 7645 for T1 - 7500 T2 - 7463 T3 - 7327
Keep Strict SL as it is against trend with big volume invitation.
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Nestle buy setupNestle
Resistance support polarity switch
Long term breakout line becomes the support
Buy : 7590 - 7580
CBSL : 7370
Target : 8010
RR 1:2
big ascending triangle forming in NestleIn weekly/monthly, ascending triangle is forming here, also 7300-7450, is a multi year resistance zone.
So after breakout the pattern will be confirmed, and we can get a tgt of 9200+
In shorter time frame, trend is up, BB is is trending upward and candles are riding above 20 ma,
we ll discuss in detail about the tgts and sl, post breakout
#NESTLEIND Ascending triangle formationAscending triangle formation on Weekly charts. BO above 7370 will lead to 2400 points move. SL: 6940 (though IMO, this is a BUY-and-HOLD kind of stock)
2ND BREAKOUT ON WEEKLY CHART......Heading towards 10k..???Stock is trading near its resistance area. But as marked in the chart price is 2nd time breaking out of its falling trend line which indicating that we may see new all time high in stock price very soon.
1 can look for short option when neck line break.There is double top has been seen in daily chart so 1 can go short below neck line. Traders If I am wrong please suggest me.
