Go Long above 19096.05 for Targets of 19522.05, 19948.05, and 20374.05 with SL 18670.05
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed...
NESTLE INDIA SURE-SHOT SWING TRADE SETUP.
IT HAS TAKEN SUPPORT ON 50MA AND RISING GREAT.
IT ALSO MAKING ONE OF THE PERFECT HARMONIC PATTERN.
SO IT'S GOING FOR THE 18900 TARGET FOR SURE.
Buy around 17650-17700
Stop loss = 17350
Target = 18000,18500, 18900
Nestle moving in narrow range. forming Inside bars.
The dotted line is life high of nestle in April 20. Since then nestle didn't gave a proper sustainable close above that high.
Tried once to close above it but was easily rejected. Now that high is coinciding with the upper rang of the narrow range marked.
This major hurdle zone can be taken out with a sharp...
Today after the days closing NESTLE got me a profit of $5.87 in Paper Trading though, but I believe this won’t stop until I get 3% returns. I got a very nice trade which was predicted by me days ago.
You can see that in my ideas…
NSE:NESTLEIND
DAILY SWING CALL // Wednesday 28th of July 2021 // NSE:NESTLEIND
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 18000
TARGET: 20700+ (15% Around)
STOP...
The analysis is done on daily TF hence price may take few days to few weeks or even months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn...
Today i.e. 4th Nov NESTLE formed a DESCENDING TRIANGLE pattern so It indicates a Short signal with my fav ‘1.4 Risk/Reward Ratio’ and claim your target in a few days…
NSE:NESTLEIND
what do you think will this fall complete or not??
well, it is in 3rd wave
for 4th wave a correction is needed if it corrects then i will update when to buy...
