NESTLEIND trade ideas
Nestle to break down??Nestle is about to break down. The candle today formed is bearish engulfing candle. Keep an eye tommorow, if it opens with a gapdown and sustain it in 15 min tf then go shoemrt in nestle.
NESTLE IND TRADE PLAN: 29 JUL 20 ONWARDSIf the planned levels held going long would be preferred, levels as mentioned on the chart
Be Proactive Trader
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field
NESTLE Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Trendline breakout in Nestle (D)Go long on retest of breakout level ay 17,000; STP below 15,950; Tg. 18,300.
NESTLE A PERFECT FLAG POLE BULLISH ON WEEKLY BASIS.NESTLE A PERFECT FLAG POLE BULLISH ON WEEKLY BASIS.
ABOVE 17000 CLOSING ON WEEKLY BASIS IT WILL FLY TO 20000+++++
Nestle IndiaOverhaul of down-sloping trendline resistance shows that buyers have gained control. Stock should continue with its long term up-trend. Expecting 20000 very soon on the stock.
Pair : Bullish Nestle vs Tata ConsumerThe pair ratio has corrected to long term crucial turning point (range).
It is also standing at 61.8% retracement of rally from Jan'18 - Feb'19
RSI is in oversold territory
Going by history, the pair ratio is ripe for reversal from 38.58 now, to potentially 44+
Shows Bearish TrendNestle may again see 16000 levels and one can short from current levels. Long Term players can buy-in dips
P.S Gap up or Gap down may change scenarios.
NESTLE INDIA - Broke the Trendline!NESTLE INDIA
#NESTLEIND gave a breakout from the trendline with good volume today in daily chart.
RSI is at 60-level and represents a strong uptrend.
TT2 Daily and Weekly trend are BULLISH.
Once the high of 17298 is broken, the next resistance on the charts is 18000/18400.
KEEP AN EYE!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
