POSITIONAL - NESTLE CASH LOOKS GOOD ABOVE 7600 SL 7400 TGT 8000/8400 IN 2 MONTHS (CMP 7492) ( 29 NOV 2017 - 10:50 PM)
Wait for a BUY as indicated in my charts.. Targets 8350..
In weekly/monthly, ascending triangle is forming here, also 7300-7450, is a multi year resistance zone. So after breakout the pattern will be confirmed, and we can get a tgt of 9200+ In shorter time frame, trend is up, BB is is trending upward and candles are riding above 20 ma, we ll discuss in detail about the tgts and sl, post breakout
Ascending triangle formation on Weekly charts. BO above 7370 will lead to 2400 points move. SL: 6940 (though IMO, this is a BUY-and-HOLD kind of stock)
ENTER ON MONDAY TARGET 1 7633 TARGET 2 7723
NESTLEIND at long term RESISTANCE LEVEL . One can short it in the range of 7185- 7170 TARGET 1- 6815 TARGET 2- 6412 STOPLOSS - 7257
Stock is trading near its resistance area. But as marked in the chart price is 2nd time breaking out of its falling trend line which indicating that we may see new all time high in stock price very soon.
Nestle nearing major resistance of 7330. Can short after red candle/reversal.
Buy at CMP for a target of 920 with a stop loss of 9704
NESTLEIND is touching mid term EMA and bouncing off
BULLISH BUTTERFLY GOING TO FORM IN WEEKLY CHART