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
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Company website- www.nestle.in
Product Verticals ---> Beverages, cereals, chocolates, dairy, nutrition, foods, vending machines
Famous brands- Nescafe coffee, Maggi noodles, Milkybar chocolate, Milo, Kit Kat chocolate, Bar-One, Milkmaid, Cerelac baby food, Boost health drink ( bet you have heard of them )
4% market share, plenty of upside for such a...
The stock has broken out and retested, so it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the previously upper trendline. The target is placed based on fundamentals and near swing high.
Hello everyone , as we all know the market action discounts everything :) looks like a double bottom has formed and the stock could be rallying up as soon as we get the conformation around the 18050 area , if that happens the stock could be going up to the ranges of 20000 . MA giving us a bullish sign and both the Stoch and MACD giving buy signals with noticeable...
Hello Trader NESTLEINDIA formed a Head and Shoulder pattern in Daily Time frame and it also fails to cross its area of Resistance please do your own analysis if you fell my analysis is helpful for you please like and follow me. Thank You
Nestle India is forming a header and shoulder pattern in 4hour chart.
It seems bearish now.
It is in crucial support zone.
If that breaks, there is a free fall upto 16,200 and 16,100.
Only for educational purpose!
Hello traders, have a look at the NESTLEIND, it has been retraced 50% from the top (green line) according to Fibonacci tool and creating a bullish cross over in MACD and just wait to cross & close above the 20 DEMA, so many things are showing positive move. so keep eyes over that..have a safe trading & good luck !
NESTLE INDIA IS FORMING THE FALLING FLAG PATTERN AND NOW ITS IN THE CRUCIAL SUPPORT.
WE CAN GO LONG, WHEN IT BROKE THE 17300 IN 1HOUR TF AND GO SHORT BELOW 16960
TARGETS ARE SPECIFIED IN CHART AND SL IS BASED ON WHAT TYPE OF TRADER YOU ARE !!
SUITABLE FOR INTRADAY AND AS WELL AS SWING TRADES
BEFORE ENTERING THE TRADE, DO YOUR OWN ANALYSIS IN IT
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 .