Nestle India - DowntrendNSE:NESTLEIND is currently in downtrend, sell on rise is advisable till it comes out of that channel with a bullish close.
NESTLEIND trade ideas
Nestle launch 10th June 0915hrs New ATHPretty 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 best thing to happen for the markets , just raise your stops along the way,pay your self and hop off if it looses a level.
In my view till the Nifty touches 10500-10700 we keep assuming its bull season .
Launch may be rescheduled due to weather:)
Keep your eyes on this ..
NESTLE INDIA Short below 17200hello friends,
If short trigger than I mention target in charts
Thanks
Nestle in ascending triangle.Buy. Breakout possible any momentbuy nestle as it is in an ascending triangle. Hold it for 1 week timeline. Breakout possible any time now.
NESTLEINDIATrade entry: after breaking the triangle's lower border .either with an entry
after confirming the breakout, or after a -possible- retest to the lower border's rate.
Take profit: identified by measuring the vertical distance from the first touch (1) to the
second touch (2), that measurement is then applied from the breakout point
Stop loss: can be the triangle's lower border that turned into suppor
Nestleind - Bearish Head and Shoulders PatternNestle seems to be forming a Bearish Head and Shoulders Pattern. Neckline breakdown below 11300 could potentially give a target of 10700/10500. Move above Shoulder resistance at 11750 on closing basis could negate pattern.
Nestle near ResistenceNestle holding the Resistance. Either reverse down or if close above 1800 today, it may go up further towards 52 week High
NESTLEVery strong chart.
Strongest chart in the FMCG pack
kissing all time highs
broke out of a triple top at 11700
Buy on dips
stops 11300
Tgts can be much higher
NestleInd, ConsolidationBig rise and consolidation. Bears are sitting by selling Calls at 10000 strike. Bulls are holding onto Puts at 9300 strikes. So price may again come down towards support line at 9500 to rise again. It is a 'buy on decline' and 'NOT sell on rise'.
