NESTLE INDIA – Ready for Takeoff? 🚀
Stock: Nestle India (
NESTLEIND)
Timeframe: Weekly Chart
CMP: ₹2,396.20
Breakout Level: ₹2,411.55
Support Zone: ₹2,143 – ₹2,411 ✅
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Technical View:
✅ After months of consolidation, Nestle India has finally broken out on the weekly chart.
📉 The previous consolidation zone has now flipped into a strong support base.
📊 We also see strong confluence with 50 EMA and 200 EMA — both have provided excellent support.
📈 We may have entered the early stages of a rally toward new all-time highs.
📉 Minor pullback now offering a great opportunity for positional entry.
✈️ Looks like Nestle India is ready to take off after a strong run-up from the runway of the 50 & 200 EMA!
🎯 Structure suggests strength, and the volume profile supports continuation to higher levels.
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Target Levels:
🔸 1st Target: ₹2,679.55
🔸 2nd Target: ₹2,947.55
🔸 3rd Target: ₹3,215.60
Invalidation/SL:
🔻 Breakdown below ₹2,143 will negate the bullish setup.
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Note: This is an educational view based on technical analysis. Please do your own research before investing. 📚
Stock: Nestle India (
NESTLEIND) Timeframe: Weekly Chart
CMP: ₹2,396.20
Breakout Level: ₹2,411.55
Support Zone: ₹2,143 – ₹2,411 ✅
---
Technical View:
✅ After months of consolidation, Nestle India has finally broken out on the weekly chart.
📉 The previous consolidation zone has now flipped into a strong support base.
📊 We also see strong confluence with 50 EMA and 200 EMA — both have provided excellent support.
📈 We may have entered the early stages of a rally toward new all-time highs.
📉 Minor pullback now offering a great opportunity for positional entry.
✈️ Looks like Nestle India is ready to take off after a strong run-up from the runway of the 50 & 200 EMA!
🎯 Structure suggests strength, and the volume profile supports continuation to higher levels.
---
Target Levels:
🔸 1st Target: ₹2,679.55
🔸 2nd Target: ₹2,947.55
🔸 3rd Target: ₹3,215.60
Invalidation/SL:
🔻 Breakdown below ₹2,143 will negate the bullish setup.
---
Note: This is an educational view based on technical analysis. Please do your own research before investing. 📚
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.