traditionally bullish stock bounces as soon as comes near 200 dma has been in uptrend in recent days good option to buy as its again close to 200 dma
Bull mode.............. 1800 CE should pay off handsome returns...
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!
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
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 !
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 .
Nestle - The Breakdown, finally happened, I was waiting for this move from past many sessions. REfer the previous post (linked here ) for detailed analysis
NESTLE - time to maximize the trade, its the area , i was expecting the stock would test , before falling further. For Detailed analysis , please refer earlier post, linked in the post.
If it fails to sustain 6596.15 then it'll head towards 16011.15
those who like breakout and falling wedge can take this setup risk reward ratio also looks good and likely need more volume to push hard Buy : 16400 - 16500 Stop : 15750 Target : 1700 , 17500 , 18000
Nestle has been trading in a range since April 2020. In technical terms, this particular range formation is called descending triangle, this patterns generally forms in downtrend and acts as continuation pattern, but in this case the structure of the stock is of uptrend, this bearish pattern may act as reversal pattern, because it indicates distribution , so i...
nestle seems bearish once cross below the resistance from triangle
Can take entry for long.