It appears that NESTLEIND has experienced a recovery near the earlier support level (approximately 21338). Additionally, the RSI is currently between 30 and 40. Price re-visiting the recent high at 23410 would potentially result in an approximate of 7% increase.
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netle is moving on upward trendlind and face resistance at 23200 and also shows a small rounding bottom pattern after breakout of which have potential to solid gain. Keep an eye at 23200 or hold for short to mid term.
once the stock breaks the support line, it is time to go for short trade. a clear descending triangle can be visualized.
PSX:NESTLE looking at current order blocks there is a possibility of this pattern forming.
nestle is trading in a channel pattern in weekly timeframe and it was at their trendline resistance we can expect a fall from that zone
With the markets being volatile, Nestle broke its support only to retest the zone. We may see a continuation of the downfall. What are your views????
Hello and welcome to this analysis In the weekly time frame it is showing a strong reversal with the activation of a Bullish Harmonic 5-0 pattern. It could do a rally till 19750 and above that till 23000 as long as it does not break 18750 Good risk reward set up in the current scenario
*Everything is mentioned on the chart. I hope it is easy to understand. *Don't jump into the trade at the beginning of the market. let it get settled for 5 min 15MIN first and judge price action. *Avoid gap up or gap down the chase. Wait and trade between levels. Note: Trade with strict stop loss. It may or may not hit all the levels. So one can book profit/loss...
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...
Nestle is at weekly resistance Expensive stock , overbought. Longs should look to book out
Reason for long a) long build up b) weekly breakout c) SL compulsory
sell in my levels get target ,sell in my levels get target ,sell in my levels get target ,
NESTLE - The BAT harmonic Wait for a daily close above Point B for the set up to get activated. Target at point D
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.
Nestle has great fundamentals, One of the best. And it is forming a cup and handle pattern. If market remains bullish for next few months, Nestle has nothing to stop from hitting 24k, And even if market sentiments are not in favor still it would achieve the target but a bit late.
Nestle India buy- #swing trades @18765 Sl 18000 Target i- 20000 ii- 22044
Shorts can be tried hereon on nestle. Did golden extension of prior wave if this is an ABC then good RR on shorts here