Pole and flag patterns Good to buy at cmp stocks has given good flag bo
Only for educational purposes
Not for sugesstion
NESTLEIND trade ideas
NESTLEIND | Symmetrical Triangle Chart Pattern Breakout• NESTLEIND had given Symmetrical Triangle Chart Pattern Breakout which can show continuation of up-trend.
• with the Harmonic Chart Pattern we can derive next upside target .
• Entry:- upside 20734.85
downside 20150.05
• Upside Resistances can become our targets above 20734.85
Targets :- 21050 , 21359.15
• Downside Supports can become our targets below 20150.05
Targets :- 19941.20 , 19708. 40
NESTLE- long-term INS HEAD& SHOULDER FORMATION with 30W long base of head and 11w shoulder formation. Moving in rising channel with good volumes.Buy above 20600 with stop-loss of 18250 fortarget 24000
NESTLEIND H&S PatternNESTLEIND Looks good at current level. Fundamentally its a good stock. Clear H&S Pattern & near ATH level.
Expecting 21900 & then22700 in near term.
nestle look for for long at 19548 (R:R =1:8)nestle go for long
entry- 19548
stop- (19445- 19455)
tgt- 20300
1:8 risk reward trade.
Inverse head and shouldersNestle seems ready for a breakout after posting stellar results for q2 fy 2022. targets are mentioned on chart
NESTLEIND: Retesting 200 EMACMP: 18841
- Compression in price visible near 50% Fibo level
- Taking support at the confluence of 200 EMA and previous breakout zone
Nestle AnalysisNestle India:
---------------
Price & Volume relation:
------------------------------
Monthly: Previous candle low (19050) was taken out clearly but the Volume is not supporting yet & taking hault @important support level.
Weekly: Price & Volume both supporting movement.
Daily: Both supporting.
Pattern:
----------
Yellow line Symmeterrice triangle (Sideways until breaks either side)
Redline: Important Support level
Conclusion: If day low (18352) is taken out & sustain then we can short with a small qty until below trendline is taken out & Once that is taken out we can add further & continues.
Nestle - Double Top Formation Nestle formed a double top and closed below the important support zone
Short below 18400 for the targets given.
Buy Today, Sell Tomorrow: NESTLEINDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in NESTLEIND
Buy Today, Sell Tomorrow: NESTLEIND
Nestle forming flag and pole on higher time frame.Nestle India has been consolidating in a flag and pole pattern. The stock has taken support from its 20 DMA and respected the levels convincingly
The stock on the hourly time frame has been trading around its 20 ema.
Stock on the monthly basis has never closed above 19750.
If the stock breaks out or breaks down a nice movement can be achieved.
Wait for the stock to close above or below the consolidation zone on daily time frame.
Support :- 18850, 18380
Resistance :- 20000, 20500
Stock or stock option can be traded for a swing to positional trading.
Let the market form a price action near the levels before trading.
NESTLE INDIA WEEKLY CHARTNestle india turning bullish from neutral looking good on weekly charts and showing strengths on some parameters pointed out on chart
Cause of Long-:
1- Falling trendline resistance line breakout
2- Bullish initiation on macd indicator
3- Above on rsi indicator support levels
NESTLE time to short?After a long run up, NESTLE is at a crucial resistance, and most probably will give some downward moment before heading upwards.
Nestle india BullishNestle india seems good rally may continue further concentrate
if price sustain above 19360 in 4hrs
NESTLE - 13th JUly 2022Stock hitting Resistance of 18800 - 18000.
Bears will be active below these levels.
Nestle - Ready for a rally ? The analysis is as shown on the Chart.
Wait for retest and strong confirmation candle supported by volume and delivery.
this is my view and for educational purpose only
Nestle India - Another FMCG Giant going to face resistance soonAs seen on chart, Long term trendline broken....
As we see it's moving under channel....in coming weeks it will test 18K which is crucial resistance....
If not crossed 18k levels, it will come down....Currently one must avoid to buy until it close above 18k....
