Get started

Nestleforecast

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% __________________________________________________________________________________________________________________________ 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 :) STEP UP YOUR GAME! Get Rich!
NSE:NESTLEINDLong
by EVOQUE5000
3
NESTLE formed Descending Triangle PatternNestle has been trading in a range since April 2020. In technical terms, this particular range formation is called descending triangle, this patterns generally forms in downtrend and acts as continuation pattern, but in this case the structure of the stock is of uptrend, this bearish pattern may act as reversal pattern, because it indicates distribution , so i need to be cautious, before creating any long positions in this stock. Length of this pattern if of approx 4 months. Steps to identify and trade the Descending Triangle pattern. 1. Look for Previous Trend. 2. Upper trend line should be sloping downwards - Two touch points are required to draw a trend line. Each successive high should be lower than the previous one, If the successive high is higher than the previous one, pattern would be invalid. There should be some distance between the two highs. 3. Lower trendline should be horizontal - Two touch points are required to draw a horizontal line. Lows do not have to be exact, however it should be with reasonable proximity. There should be some distance between the two lows. 4. Volume Volume contracts during triangle formation. Volume expand during breakdown. Volume does not always gives confirmation. 5. Pullback Sometimes prices pullback after breakdown, but not always and when price pullbacks, same triangle support would then act as resistance. 6. Target Calculate the widest distance of the triangle and replicate it to the breakout point to find the target of the pattern. 7. Length of this pattern It Varies from several weeks to few months, average being 1-3 months.
NSE:NESTLEINDShort
by manuagarwal21