Nestle India form Descending chart pattern where it has gave us nice BreakDown with little Retrecemnt in previous Session.
Now after breaking Previous day low if 1hour Candle get sustain in Below Level we can see further lower levels in NESLTE INDIA
KEEP AN EYE ON IT….!!!!!
The chart is pretty much self explaining.
In larger TF it has already made an inverted H&S pattern. And after completing formation of right shoulder now it is making a flag.
This is a good long opportunity.
The stock has made a head and shoulder pattern and given a strong closing today. Sell above 19550 level for both intraday and swing .
first target 5% Carry only on day closing above trigger basis.
NSE:NESTLEIND is showing a symmetrical triangle (Pennant) pattern.
Here for 29th December'2022 expiry, we can device a safer (chilar) strategy :)
BUY 21000 Call
BUY 19500 Put
SELL 20750 Call
SELL 19500 Put
Margin needed: 65K
Profit: 1200 (chilar profit, but much safe)
Safe below: 20778 (which is well above resistance and Fib 78.6% level.
Also last two days...
Head & Shoulder Pattern in NESTLE INDIA
Book profits within the first 30 minutes of the market opening
After long bullish trends, the price rises to a peak and subsequently declines to form a trough.
The price rises again to form a second high substantially above the initial peak and declines again.
The price rises a third time, but only to the first peak level,...
• NESTLEIND had given Symmetrical Triangle Chart Pattern Breakout which can show continuation of up-trend.
• with the Harmonic Chart Pattern we can derive next upside target .
• Entry:- upside 20734.85
downside 20150.05
• Upside Resistances can become our targets above 20734.85
Targets :- 21050 , 21359.15
• Downside Supports can become our targets below...
INS HEAD& SHOULDER FORMATION with 30W long base of head and 11w shoulder formation. Moving in rising channel with good volumes.Buy above 20600 with stop-loss of 18250 fortarget 24000
