NESTLEIND trade ideas
Nestle India forming Header and Shoulder PatternNestle India is forming a header and shoulder pattern in 4hour chart.
It seems bearish now.
It is in crucial support zone.
If that breaks, there is a free fall upto 16,200 and 16,100.
Only for educational purpose!
Nestle formed Bullish Flag pattern, signaling Buying OpportunityIt may make sense to explore Call Options:
Feb Expiry - 17500 CE
March Expiry - Revisit in the week of 21st depending on where the CMP is and which is a decent strike to buy after Nestle declares results for Q3 on 16th February
*For Education purposes only - please do not trade without proper analysis
FALLING FLAG IN NESTLE INDIANESTLE INDIA IS FORMING THE FALLING FLAG PATTERN AND NOW ITS IN THE CRUCIAL SUPPORT.
WE CAN GO LONG, WHEN IT BROKE THE 17300 IN 1HOUR TF AND GO SHORT BELOW 16960
TARGETS ARE SPECIFIED IN CHART AND SL IS BASED ON WHAT TYPE OF TRADER YOU ARE !!
SUITABLE FOR INTRADAY AND AS WELL AS SWING TRADES
BEFORE ENTERING THE TRADE, DO YOUR OWN ANALYSIS IN IT
NESTLEINDIA - LongNestle India 15min TF
17500 levels are tested multiple times, if this resistance breaks then a good intraday move on the upside can be seen.
Keep an eye on this......
Buying OpportunityHello traders, have a look at the NESTLEIND, it has been retraced 50% from the top (green line) according to Fibonacci tool and creating a bullish cross over in MACD and just wait to cross & close above the 20 DEMA, so many things are showing positive move. so keep eyes over that..have a safe trading & good luck !
Nestle Respecting the TrendAs you can see, Nestle is respecting the trend line very well and MACD indicator also is showing bullishness. I have placed the order for the mentioned entry price which I am expecting to hit again.
Nestle Smells Chocolatly BullTHere are not one but two important Support points with good vol trade indicated by Black Lines. I expect the trade will have a even better R:R if we enter at the lower Black Line.
