NESTLEIND trade ideas
Trade opportunity in NESTLE INDIAThis scrip had recently given breakout froma triangle pattern and in last trading session it broke its All Time High. I expect a consolidation because of some profit booking and it may continue to be bullish over next few months.
Swing traders may consider to long this scrip, start with small quantities and increase when it consolidates to average it.
As this is my prediction it may even go wrong, always follow your risk management and keep reasonable Stop Loss.
Nestle IND Stock Analysis 1W 05/07/21Hello everyone , as we all know the market action discounts everything :) looks like a double bottom has formed and the stock could be rallying up as soon as we get the conformation around the 18050 area , if that happens the stock could be going up to the ranges of 20000 . MA giving us a bullish sign and both the Stoch and MACD giving buy signals with noticeable bullish candlestick pattern (3 white soldiers )
Fundamental analysis :
Nestle India Ltd. quote is equal to 17602.80 INR at 2021-07-05. a long-term increase is expected, the "NESTLEIND" stock price prognosis for 2026-06-29 is 33720.90 INR. With a 5-year investment, the revenue is expected to be around +91.57%.
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