NESTLEIND trade ideas
nestle india swingThe stock has taken support on its 0.5% fib. level and looks good.
all levels are mentioned on chart.
Nestle long ideaNestle is reverse from bottom out with chart pattern double bottom.That is confirmation for upside
Target would be 14550-590 next 17750-80 soon
[Positional] Nestle Swing Buy BetJust buying now.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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Waiting for breakdown or reversal from BO retest#NestleIndia is forming #EveningStar kind of pattern. Previous weekly candle formed O=H and last weekly candle closed below that. 18000 is the high of recent ultra-high volume candle.
But lack of volume during the last two candles fall suggest that it could be a temporary pullback. Considering this as a BO retest, chances of a bounce is high.
18000 is LOC. However sustaining below 18000 can increase pressure of long unwinding.
NESTLE for swing entry NESTLE is offering a good entry for long swing trade at current levels.
SL and profits marked, R:R of 1 : 1.7
Nestle - Bullish Hammer at pullback supportNote: This is for educational purpose only.
There seems to be a bullish hammer at pullback support. Similar bullish reversal at support is seen at RSI as well.
NESTLE INDIA - KEY BREAKOUT LEVELS FOR 7 JAN 2021 For more charts, please contact me via direct message
Nestle - Good to buy on dip - 06 JanProfit booking in Nestle, look for buy on dip at the zones.
The predicted buy & sell zones plotted are an approximation and for accurate levels use the indicator (tradershedge) which updates the levels on real time and also triggers an alert.
You can make entry decision once you get a confirmation at the respective marked zones and opt for the next successive zones as expected targets in the direction of the trend.
Happy Trading !
