NestleIndDaily chart. Divergence play. Price came down on negative divergence. Now positive divergence is triggered and price is also being supported by 200 DMA. If market remains favorable, target can be 10500+.
NESTLEIND trade ideas
Nestle India - Triangle!Sell below 10075 with the stop loss of 10130. Targets are 10020, 9970 and 9920.
Nestle Bounce from its 100 EMANestle recently hit an all time high of 11700 on 31st August 2018. It has fallen almost 15% from its all time high and now is at its 100 Day EMA.
Expect Nestle to take some support at around 10000 which is its 100 Day EMA and should also provide some bounce from here.
Could that be the end of the uptrend?Looks like a divergence where RSI is forming lower lows while prices form higher lows.
Could that be the end of the uptrend?
Nestle India : Value Pick for Medium Term Investment ... Dear All , Everything is mentioned Over the Chart ... Good Luck !!!
#NESLEIND2 BH>50%CH candles
CCI(D/M) crosses 100
TGC with strength candle
Gap Support with volume
Target 9372 / 9565
SL Gap Support Breach with strength
NSE:NESTLEIND ShortNSE:NESTLEIND formed bearish engulfing candle at lower top.
High = 7880
Low = 7695.20
Entry = 7787.6
Delta = 184.8
Target 1 = 7602.8
Target 2 = 7418
Stop Loss = 7880
