NESTLE INDIA LTD
Panjang

Nestle - Long term Bottom formation and Breakout for investment

102
Support b/w 2100-2150 since Dec 24 has been holding

50 month SMA at 2106— very strong & rarely breaks

200 week SMA rarely breached & now at 2132

Moving averages: Crossed 20/50/100 day SMA

MACD: Daily +ve, Weekly +ve, Monthly -ve

Daily CCI > 100 (bullish)

Resistance Levels:

- 2280 (range)
- 2380-2400 : 2380 (100 week SMA), 2387 (parallel), 2394 (50 week SMA)—converging soon.

Break above 2280 likely coming week, but break above 2380-2400 with volume needed for long term breakout.

2100 support intact currently


At 2268-2280: Strong 2100 support. Buy on every dip for long term or on 2280 breakout.

Target - 2700 in 06 months
Long term Stop loss- below 2100

For short swing- Target 2380 if it breaks & closes above 2280, make 2270 as stop loss

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.