Head & Shoulder Pattern NESTLE INDIAThere is an Head & Shoulder pattern appeared in 1H time frame for NESTLE INDIA. Track the stock for any breakout.
NESTLEIND trade ideas
Nestle Trendline SupportNestle took support at short term trendline, good for a long trade.
Disclaimer: This is my personal view, please consult your financial advisor before taking any trade.
NESTLE INDIA Head and Shoulder pattern formation on 1 hr chartNestle formed a Head and Shoulder pattern with 50 EMA moving towards 200 EMA in a downward direction.
Nestle Head & Shoulder Patter (30M)Nestle posted wonderful profits, but the stock will correct a little bit as per my personal opinion. It will fill the gap around 16100 and then again rally for the all-time high.
NESTLE INDget ready foe a dip in NESTLE IND
it will reverse from between 12000-14000 buy @ dip nxt target will be more than 8000 points
Nestle India LongLooks bullish if can maintain its earlier lows. The EMA has crossed the SMA signaling a buy. A close above the TMA confirms the trend. 16845 can be bought which is the 50-day SMA using 16740 as a stop on a closing basis.
Bull run in Nestleindia Ltd.Oh its what a comeback and at the time of Covid its really good stock to see a bull run and day trading also.Go for long run and it ill definetly hit 20K at the end of the Q2.
Cheers.
Happy Trading.
Nestlerunning in channel.. will wait to approach for lower end of channel and look for confirmation for support at lower end
NESTLE INDNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
NESTLE INDIAFUNDAMENTALLY it's a good stock to hold for the long term, But this it's not the right time to BUY because based on P/E 79 (Below 24 is safe) it's highly expensive.
Technically also BEARISH since it's rejected from 18816 RESISTANCE LEVEL.
8th FEB 2018 This UPTREND is continued.
on DEC 23rd/24th/28th Rejected from 18816 LEVEL become RESISTANCE LEVEL.
18816 RESISTANCE STOP LOSS for SHORT SELL
15303 SUPPORT 1
12545 SUPPORT 2
BuyBuy with sl below 16600 for target of 19000. Price has comfortably breached above consolidation. Range has expanded . Volume is still average. Closed abv all moving averages. RSI has broken from consolidation , satisfying the bullish case.
Disc : it's not an investment advice to buy or sell
Nestle India - Friday Trade | Intraday and SwingStock is forming a descending triangle and also inverted cup and handle on 2 hour time frame.
Good to short if breaks bottom support trendline
Watchlist stock : Nestle (Nifty 50)NSE:NESTLEIND
Nestle can be kept in watch list stock and from both buy options one can give 10% up movement and another can give 20% up movement.
This is only for educational purposes,s not an investment suggestion. Kindly do your analysis before investing.
Nestle India long with target @18400Nestle has taken support at monthly 20ma and is bouncing back. If it closes above previous red candle on monthly basis, first target of 18400.
NESTLE INDUSTRIES Long @ Rs. 16301 in DeliveryNSE:NESTLEIND
Entry 16301.1
Target 17464
SL 15980
Stock is trading at CMP 17385, price is supported by daily demand zone. overall stock is in uptrend.
Enter in this stock at 17301 for the target of 17,46/- Buy in cash segment and hold for two week.
Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.
Cup and Handle FormationThe stock is making a cup and handle pattern and looks good above 16953 level
