Nestle (Bearish View)
Currently the stock is discounted at 16% from all time high levels.
Nestle (TF=W):
1. Rising Channel Breakdown
2. Rejection from 5 Days Exponential Moving Average
3. Negative Crossover of 5, 13 Weeks Exponential Moving Average
4. Gave a closing below 100 Days Exponential Moving Average
5. Next Support is coming around 16,300
6. RSI below 40 (which is again a sign of Bearishness)
Nestle (TF=D):
1. Stock is continuously in a Downtrend making Lower highs and Lower lows.
2. Channel Breakdown and has also retested the levels
3. Negative Crossover of 5, 13 Days Exponential Moving Average
4. Gave closing below 200 Days EMA
Addl Points:
1. FII/FPI have increased holdings from 12.31% to 12.35% in Dec 2021 qtr.
2. Mutual Funds have decreased holdings from 3.83% to 3.78% in Dec 2021 qtr
Note:
1. This is just for educational purpose
Nestle (TF=W):
1. Rising Channel Breakdown
2. Rejection from 5 Days Exponential Moving Average
3. Negative Crossover of 5, 13 Weeks Exponential Moving Average
4. Gave a closing below 100 Days Exponential Moving Average
5. Next Support is coming around 16,300
6. RSI below 40 (which is again a sign of Bearishness)
Nestle (TF=D):
1. Stock is continuously in a Downtrend making Lower highs and Lower lows.
2. Channel Breakdown and has also retested the levels
3. Negative Crossover of 5, 13 Days Exponential Moving Average
4. Gave closing below 200 Days EMA
Addl Points:
1. FII/FPI have increased holdings from 12.31% to 12.35% in Dec 2021 qtr.
2. Mutual Funds have decreased holdings from 3.83% to 3.78% in Dec 2021 qtr
Note:
1. This is just for educational purpose
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