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.
Levels marked in chart.Target should be achived by this month.
Nestle Possibly looking to break out. Resitance near 18200 and if that taken out, 19500 is a possibility. It takes a strong support at a 50 ema zone, so wait for that zone to break for SL
probable 600 rs trade. 4H Chart. Red to Green above green line buy for a 500 to 600 move. 17400 to 17500 possible.
so,this is how i see it playing out on the 4hr as i mentioned the launch may be moved around a bit due to the weather .Stop Loss below the red line of the flag buy as close to 16679.
NSE:NESTLEIND is currently in downtrend, sell on rise is advisable till it comes out of that channel with a bullish close.
Pretty straightforward looks like its flagging on the daily and all time frames the 50 day coming up nicely in the flag bit on the daily to offer support. Again another one to potentially go in price discovery mode ,awesome liquidity with reliance and nestle so maybe high leverage big postion size quick in and out on break out . Its like the pandemic was the...