NESTLEIND trade ideas
would this make the Big indian breakout?Let me know your views, one of the most undervalued largecaps.
Can go short at wedge resistanceIf any reversal candle pattern appears at channel resistance cn go short with good RR with targets at around 16600
Nestle has begun upmoveNestle has broken the long term downward trend line decisively. It has also broken the neckline which was an important resistance line. This clearly indicates that the stock is poised for upmove from here on. A minor pull back to 17020 presents an entry opportunity with a near-term target of 18000.
NESTLE AT GOOD BUYING ZONESNESTLE
TIME FRAME - WEEKLY
TREND - UPWARD
BUYING ZONE - BLUE LINES OR TREND LINE
TARGETS - GREEN LINES
STOP LOSS - RED LINE
Head & Shoulder Pattern NESTLE INDIAThere is an Head & Shoulder pattern appeared in 1H time frame for NESTLE INDIA. Track the stock for any breakout.
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
