Nestle pushing itself to a consolidation zoneIf it fails to sustain 6596.15 then it'll head towards 16011.15
Nestle
NESTLE formed Descending Triangle PatternNestle 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 need to be cautious, before creating any long positions in this stock.
Length of this pattern if of approx 4 months.
Steps to identify and trade the Descending Triangle pattern.
1. Look for Previous Trend.
2. Upper trend line should be sloping downwards -
Two touch points are required to draw a trend line.
Each successive high should be lower than the previous one,
If the successive high is higher than the previous one, pattern would be invalid.
There should be some distance between the two highs.
3. Lower trendline should be horizontal -
Two touch points are required to draw a horizontal line.
Lows do not have to be exact, however it should be with reasonable proximity.
There should be some distance between the two lows.
4. Volume
Volume contracts during triangle formation.
Volume expand during breakdown.
Volume does not always gives confirmation.
5. Pullback
Sometimes prices pullback after breakdown, but not always and when price pullbacks, same triangle support would then act as resistance.
6. Target
Calculate the widest distance of the triangle and replicate it to the breakout point to find the target of the pattern.
7. Length of this pattern
It Varies from several weeks to few months, average being 1-3 months.
Nestle India - DowntrendNSE:NESTLEIND is currently in downtrend, sell on rise is advisable till it comes out of that channel with a bullish close.
NESTLE INDIA Short below 17200hello friends,
If short trigger than I mention target in charts
Thanks
NESTLE (NESN): Breakout of Key Support
Nestle broke and closed below key 101.0 structure support.
looking left we see that the next structure is lying much much lower.
the stock has enormous potential for a further bearish continuation:
The next key levels are 93.0 and 82.0
good luck!!
Highly Explosive - Be Careful - Meatless meat from vegetable laboratory proteins. That's what vegetarians are supposed to eat. I wouldn't buy the products, but the stock might go through the roof.
Be carful - highly explosive
Nestle long-term analysis based on fractalsCurrenlty we are in I - > J upward move.
That will take Nestle share prices to the new price record - around May/June 2019.
After that time, there will be a strong downward move J -> K and price will go down to ~75 per share.
Subsequent moves will follow, I will continue on
NESTLE - Fell From Short Term SupportLaburlah Technical Coverage (30-APR, Monday):
NESTLE
Technical Analysis Breakdown
1. Trend: Bearish
2. RSI & MACD: Bearish
3. Parabolic SAR: Bearish
4. Remarks: Broke down from MA50
5. Supporting zone: 121.36 - 128.01
Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.
Nestle: 5th wave higher just startedI am long, bought yesterday. Expecting the 5th wave to be in the making. If 80 chf breaks lower i will close, then it will probably make some kind of more complex structure.
There is a nice risk:reward in this position, plus i like the fundamental situation around Nestle. I had some good reads about it, also Goldman, UBS, Kepler, Citi all have targets above 90 chf on a midterm horizont for Nestle.
Of course there is nothing sure in this markets thats why i am always securing my positions with a stop. Sometimes the best setups just turn and become a loser.
