NESTLE India- Long Term Investment Idea

15 thg 1

NESTLE India is nearing a crucial support levels.

Strategy used : Support Resistance levels and Trendlines

Asian Paints at a crucial support levels
2100-2130 level.

CMP: 2188
Current support levels 2100-2130 are broken and will act as resistance.
Investment idea:
50% - When crossing 2230
if 2100 levels are tested and rebounds, invest 50 % of the funds

Key points:
Q3 results are expected on 31st Jan 2025.
Support resistances - refer above.

This idea will be for long term and will be updated regularly

Note: Not a SEBI registered analyst. Plan and trade as per your analysis

21 thg 1

Giao dịch đang hoạt động

Trade entry at 2230 as per strategy above

Today, had a push back from highs in all the major stocks and the Nifty.

This trade is for long term and will wait for the second leg entry

31 thg 1

Ghi chú

So far the price moving in the projected trajectory as in the chart.

Trade still active

1 thg 2

Ghi chú

Due to budget , the market could be volatile and if not meeting expectations , could bring down the prices.

As i will not be in the terminal for the day, i had put 50% of the stop to cost just to make sure there are no major drawdowns

9 thg 2

Ghi chú

Trade still active.

On budget day, there was no downward spikes.
Price reached 5 % from cost and retracing , but as long term investment, trade is still active. As for now, no stoplosses placed. Will review if the price breaches 2400 or if lower than 2100

11 thg 3

Ghi chú

Update:
Still the Price is in the range and as per the projections, with support of 2100.

Still in wait more, but, broader market is weak due to Tariff concerns and indexes are down, will stay put for long term. No stop still.
Current range: 2100 to 2400,