Nestle India Breakout Setupthose who like breakout and falling wedge can take this setup risk reward ratio also looks good and likely need more volume to push hard Buy : 16400 - 16500 Stop : 15750 Target : 1700 , 17500 , 18000 Longby akashinvestor113
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. Shortby manuagarwal212
nestle seems bearish nestle seems bearish once cross below the resistance from triangleby AsifHussain9991
moving from dynamic support also break symmetric triangle Can take entry for long.Longby AsifHussain9993
NESTLEINDIA in breakout zoneLevels marked in chart.Target should be achived by this month.by papai_0012
Nestle - Breaking OutNestle Possibly looking to break out. Resitance near 18200 and if that taken out, 19500 is a possibility. It takes a strong support at a 50 ema zone, so wait for that zone to break for SLby prameshp1
NESTLEIND Resistance has been broken. now it is in bearish. once bullish control the market can enter longLongby MRCOO0LUpdated 2
NESTLE Indiaprobable 600 rs trade. 4H Chart. Red to Green above green line buy for a 500 to 600 move. 17400 to 17500 possible.by RiderTrader1
Nestle LTF so,this is how i see it playing out on the 4hr as i mentioned the launch may be moved around a bit due to the weather .Stop Loss below the red line of the flag buy as close to 16679. Longby CompoundingGainUpdated 4
Nestle India - DowntrendNSE:NESTLEIND is currently in downtrend, sell on rise is advisable till it comes out of that channel with a bullish close.Educationby akashboddeda2
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 ..Longby CompoundingGain4
NESTLE INDIA Short below 17200hello friends, If short trigger than I mention target in charts Thanks Shortby Trading_buddyUpdated 6
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.Longby willstayfoolish6
NESTLEIND (Nestle India Limited) BUY ABOVE 14910NESTLEIND (Nestle India Limited) BUY ABOVE 14910Longby stockprotraining7
NESTLEIND (Nestle India Limited) BUY ABOVE 15010NESTLEIND (Nestle India Limited) BUY ABOVE 15010Longby stockprotraining1