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.
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!
