NESTLEIND - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.4

Here’s a detailed technical analysis of Nestlé India Ltd (NESTLEIND) based on the provided data

📉 Trend & Momentum Overview

Current Price (₹2,224) is below both 50 DMA (₹2,381) and 200 DMA (₹2,355) — indicating a short-term downtrend.

RSI (27.9): Deep in oversold territory, suggesting weak momentum but potential for a technical bounce.

MACD (-29.8): Strongly negative, confirming bearish momentum.

Volume: Below average, indicating low participation and possibly waning interest.

Conclusion: The stock is currently reversing and under pressure, with signs of overselling.

📊 Chart Patterns & Indicators

Bollinger Bands: Price likely near the lower band, reinforcing oversold conditions.

Support Zones

₹2,200: Immediate support zone

₹2,110: 52-week low and critical support

Resistance Zones

₹2,355–₹2,381: Major resistance (DMA cluster)

₹2,500: Psychological resistance

🔍 Short-Term Momentum Signals

Bearish Indicators

Price below key moving averages

MACD sharply negative

RSI below 30

Watch for: RSI rebound above 30 or MACD flattening for early reversal signs

🎯 Optimal Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 2,110 – 2,200 Near strong support, oversold zone

Target Exit 2,355 – 2,380 Resistance from DMA levels

Stop Loss 2,080 Below 52-week low

🔄 Market Phase

Status: Reversing

Bias: Bearish

Outlook: Caution advised until price reclaims ₹2,355 with volume

Would you like to explore how Nestlé stacks up against other FMCG giants or dive into its fundamentals for long-term potential?

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