Nestle ready to correct???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????
NESTLEIND trade ideas
NESTLE INDIAHello 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
NESTLEINDNSE: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 loss, Shared for Educational purpose
Nestle - W- overbought and at potential resistance. long cautionNestle is at weekly resistance
Expensive stock , overbought. Longs should look to book out
NESTLE INDsell in my levels get target ,sell in my levels get target ,sell in my levels get target ,
NESTLE NESTLE - The BAT harmonic
Wait for a daily close above Point B for the set up to get activated.
Target at point D
NESTLE LOOKS GOOD FOR SWINGThe 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.
I have no reason to not be bullishNestle 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.
NESTLEIND Long ~~ Single Target 22000+Nestle India buy- #swing trades
@18765
Sl 18000
Target i- 20000
ii- 22044
Nestle - at 1.61x extension of prior waveShorts can be tried hereon on nestle. Did golden extension of prior wave
if this is an ABC then good RR on shorts here
nestle - 1hr - at resistance. Expensive. Longs should sellNestle is at resistance. Poor results this qtr.
Longs should consider selling here
NESTLEINDIA - Butterfly PatternThere 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.
Nestle - into a 5th wave. Longs should sellThe move from around 16600 in Nestle looks like a 5th wave. Once the 5th ends a corrective is most likely outcome. Longs should use current strength to exit
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Nestle - Weak ModeAnother popular stock which could get hit by raw material price hikes is Nestle. If the stock stays below the 200EMA then it could remain weak and have a short side bias.
Short below the short term support of 17863 with a stoploss of 18340.
if sustains above 18550 target 19000+ sl 18190 it is just forif sustains above 18550 target 19000+ sl 18190
it is just for the purpose of observations
NESTLEIND 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 MNC.
Financials- low debt, ascending PAT (12% yoy ), 0 pledged shares, high dividend yield at 180%
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PRO TIP : 4 stocks in your portfolio and you own 99% FMCG market in india- ITC, HUL, NESTLE AND BRITANNIA
Buy them all if you can :)
PS: I have the money, vested interest is being invested in all these companies, for the effort of writing this, be a good dude and give it a like a share or buy me a beer :)
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Make or Break level!!!#NESTLEIND is trading near important trendline!
Make or Break level...
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Nestle IndiaThis Big FMCG stock forming symmetric triangle on 30 MTF. Keep eye on this. Plan your trade accordingly...
Nestle - Dec 2021 - Bearish - Nice PE opportunityBreach of 18973 brings close to 300 pts downwards gain. watch for key support and resistance levels. If it goes above 19090, watch for reversal and confirmation will be on break of 19246.
S1 - 18820
S2 - 18659
S3 - 18395
R1 - 19246
R2 - 19510
R3 - 19671
Nestle: Tight Range BO retestNestle Weekly Chart:
Stock is retesting the previous BO zone & consolidating above the BO zone in a tight range for 10 weeks.
Trading above 30 WEMA & 200 DEMA suggests stock is still in the bullish zone.
Keeping in watchlist if above breaks above the tight range marked then may start next leg of upmove.
A breakdown below the range will gravitate towards testing 200 DEMA.
Only for educational purposes, not a buy/sell recommendation.
