Nestle Weekly Chart:
Stock is retesting the previous BO zone & consolidating above the BO zone in a tight range for 10 weeks.
Trading above 30 WEMA & 200 DEMA suggests stock is still in the bullish zone.
Keeping in watchlist if above breaks above the tight range marked then may start next leg of upmove.
A breakdown below the range will gravitate towards...
Hello guys, So I have found a trade of the FMCG sector-NESTLE, it's consolidating in a symmetrical triangle pattern and looks ready to give the breakout for upside movement.
All the required info is in the chart above, take a look.
Targets mentioned in the chart above (white lines)
RSI has room for BULLS.
MACD turning BULLISH
Please LIKE, COMMENT...
Working with angles is something I see myself doing more often lately, meaning they have proven some reliability to me over time. When exactly is still quite intuitive and this publication is also an idea to further explore by other traders and so develop a competitive edge, and therefore should remain secret how to apply in further detail.
Here I look at Swiss...
WHY does consumption sector stocks like ITC, BRITANNIA, NESTLE does not participate in this whole rally of nifty?
EVEN these were the few sectors which were used throughout the lockdown and then also it didn't give breakout or 100-200% return.
BECAUSE at that time everyone knew that consumption sector is never going to be in bear...
Danimer target is to rid the world once and for all of the non-biodegradable plastics used across the food and beverage space that continue to clog up landfills and oceans.
Danimer has inked partnerships with the likes of PepsiCo (PEP), Nestle, and Bacardi to introduce its more sustainable plastics into their respective packaging.
Danimer began trading on the New...
Stock is in strong uptrend , And Consolidating In A Channel From Last 6 Months
Breakout From channel ( Flag ) Sustain Above Breakout Will take it to 19800 - 20200 In Coming Months .
RSI Taking Support On 43 Levels And Now Given Breakout To A down Sloping Trendline , Momentum Is Picking Up Strength .