The 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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Another 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 for the purpose of observations
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...
#NESTLEIND is trading near important trendline! Make or Break level... #StocksToTrade #StocksInFocus #StockToWatch #StockMarketindia #breakoutstocks #StockMarket
NSE:NIFTY NSE:NESTLEIND Close above cloud we are looking for marked targets and to new all time highs! #ICHIMOKU #CANDLESTICKS #TRENDLINE BREAKOUT!
Given trendline breakout . best buy around 19100-19200,tgt 19600/19900
This Big FMCG stock forming symmetric triangle on 30 MTF. Keep eye on this. Plan your trade accordingly...
Breach 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 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...
Hello guys, So I have found a trade of the FMCG sector-NESTLE, it's consolidating in a symmetrical triangle pattern and looks ready to give the breakout for upside movement. All the required info is in the chart above, take a look. BUY ABOVE-19490 Targets mentioned in the chart above (white lines) RSI has room for BULLS. MACD turning BULLISH Please LIKE, COMMENT...
NESTLEIND looking good for trendline breakout.It should hit 19800-20000-20100++.We are keeping on radar NESTLEIND 20000 CE also.
Correction with enough compression given and reacted from the Fib golden Level.
The stock found support at the last demand zone & now is giving a bullish confirmation. The follow up should be bullish from here.
Nestle India is near its support level and can rebounce back . The Fibonacci retracement 0.283 also confirms the support level . It is at very good level after recent correction and good to buy in a bull market.
The stock has broken out and retested, so it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone & the previously upper trendline. The target is placed based on fundamentals and near swing high.
broke rising wedge now at Fib support 0.23 once broke and close can get short entry rejecting 50ema support continuously