NESTLE INDIA is an interesting chart with following
1. RSI on all time frames above 60
2. Price forming ABCD pattern on weekly chart
3. can be a good buy on dips with Support near 2400 zone and resistance at 2780
4. Price making higher highs for last three days
5. Stock outperforming sectoral index on both 1 week and 3 months
6. Narrowing Bollinger...
NSE:NESTLEIND
#NESTLEIND : Fib retracement of 50% around 2450.
down bottom on hourly on 07-02-2024, with rising RSI.
short term play.
Next move above 2525.
SL : 2450
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
NESTLEIND - Watch out for a good breakdown/ shorting opportunity in 1D timeframe.
A few points to note:
1. There is a weekly reversal sign (bearish - Evening star pattern)
2. The stock is below 50DMA
3. Ascending wedge pattern - Usually is a bearish sign.
4. Overall on a higher timeframe, the stock is rallying - hence it is wise to be cautious and have a hedge.
Disclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only . warning :- do not jump directly or do not copy my trades
DO your analysis properly
Yes. ! Super trend.
If we know how and where to use this indicator, you are sure about getting very good trade.
It ensures
1. Low risk
2. High returns and at times real big trend
So how to use it?
1. Prefer larger time frame. I use weekly.
2. Once super trend is green wait for pullback.
3. once price reverses from nr super trend enter. (I would wait for...
The observation is not based on any indicators but a trend pattern and we may see the last leg of rally in Nestle in near term.
The stop Loss is low of the last breakout candle on trend line.
The immediate target is 26K and further target is 29K+. if it sustains above the 26K on monthly chart.
Rationale - Nestle has been consistent with rising price trend in...
Entry level above the 24400/24500
Stop loss near 23000-23300
With the target of 25000/27000++ for next 6 -8 months period...
Note : even I have big target like 30k to 32k and according to time frame add on
Nestle india weekly chart pattern as
ine can see in chart as drawn . at resustance trendline .. posted as to learn technical analysis and pattern .
so views comment welcome
Nestle india ready to next level. Monthly bull pattern brake out. if Sustain above 24350 then 27450 is a Target. Wait for Day candle strong close above 24350.
