NESTLE INDIA If the price bounces from this support, the next resistance level could be around 2,450–2,500.
If the price breaks this support, it would be a bearish breakdown, and the price could fall to 2,250 or even lower.
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DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
Nestletechnicalanalysis
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%
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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!
NESTLE BREAKOUT! POTENTIAL 5% UPSIDEHello 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 and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.