NSE:NESTLEIND
21.08.2024
Buy-2551
Target 01-2643, Target 02-2761
Stop Loss-2447
Risk Reward- 1:2
After the good uptrend from March 2023, price is
under consolidation from Beginning of January
2024. Hopefully it us under the formation of
Bullish Flag and trying to provide the big breakout.
1.Breakout- Inside Bar
2.Trend- Uptrend in higher TF & trying to...
Nestle India Ltd. engages in the manufacture and sale of food products. The firm offers beverages; breakfast cereals; chocolates and confectionery; dairy; nutrition; foods; vending and food services; imports; exports; and Nestle ad campaigns brands. It operates through the India and Outside India geographical segments.
Nestle India CMP is 2508.50. The positive...
NESTLE fut broke out of harmonic patterns chart on an hourly chart with very good OI build up suggesting long build up.
Could be bought with mention stoploss & targets.
Nestle fut after long process of consolidation made two patterns on hourly/daily charts :- rounding/saucer pattern & cup n handle with decent OI build up suggesting long build.
Risk:Reward 1:3
Not to be missed breakout with mentioned stoploss & targets. (for reference check dabur & hul)
Nestle emerges with a bullish outlook, with market sentiment signaling a direct rally towards 2660. To mitigate potential downside risks, a stop loss is strategically placed at 2560, aligning with prudent risk management practices while capitalizing on the upward momentum
This stock had previously bounced off with good volumes from the constant upward rising demand zone and it has done the same from the same zone on Tuesday's trading session.
24000 is a good support area for the stock and the reversal point of 23883 is an important low to be considered if the current uptrend is to be held.
On the upside the 24500 zone is the...
NSE:NESTLEIND
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and...
The structure is very bullish in falling market the stock was very strong, today it has given a breakout of a pattern. with small Stop loss we can trade this setup.
Keep an eye on CNXFMCG that is FMCG SECTOR.
CNXFMCG has round bottom breakout.
Every FMCG stock is performing well keep an eye on FMCG stocks
example - MARICO , HINDUNILVR , ITC (safest) , NESTLEIND
There is a probability of a butterfly pattern on the daily chart of NestleIndia.
Sustaining 18100, the stock might move towards 19200- 19400 in the coming sessions initially and then towards 20300-20350 levels.
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...
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.
BUY ABOVE-19490
Targets mentioned in the chart above (white lines)
RSI has room for BULLS.
MACD turning BULLISH
Please LIKE, COMMENT...
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.
