NESTLEIND trade ideas
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'.
NestleInd, BreakoutThe stock broke out of the resistance formed at around 7960-70. Then a steep rise followed. This is what happens when a resistance is taken in most of the cases. Then price pulled back due to profit booking. And bulls jumped into long positions. Price is again at resistance point. 9209 is a strong resistance.
Nestle, BreakoutA big breakout off the resistance level -- made several attempts to breakout successfully. Now what? Protecting 9000, 9500 can come by.
nestle india buy setupHello everyone this setup is based on buying the breakout of the falling wedge. Also we have a smaller bullish triangle which will act as an entry for this setup. The gartley pattern might also finish one of its leg at the target area
