NESTLEIND - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here’s a detailed technical breakdown of Nestlé India Ltd (NESTLEIND)

📊 Trend Overview

Current Trend: Bullish

Phase: Trending with moderate momentum

Bias: Positive, supported by price action above key moving averages and MACD strength

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹1,180

200 DMA: ₹1,174

Current Price: ₹1,209

Price is above both DMAs → confirms bullish trend

Rising slope on both averages → momentum is building

🔹 RSI (Relative Strength Index)

RSI: 58.0

Bullish zone, comfortably above neutral

Indicates healthy buying interest with room for upside

🔹 MACD (Moving Average Convergence Divergence)

MACD: 14.3

Strongly positive → confirms bullish momentum

Histogram widening → trend strength increasing

🔹 Bollinger Bands

Price near upper band → bullish breakout zone

Bands expanding → rising volatility

Suggests continuation if volume supports the move

🔹 Volume Trends

Current Volume: 14.27 lakh

1-Week Avg Volume: 10.26 lakh

Volume above average → confirms active participation

Supports sustainability of breakout

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,180 50 DMA, minor pullback zone

Support 2 1,145 Previous swing low

Resistance 1 1,250 Immediate resistance

Resistance 2 1,320 Intermediate ceiling

Resistance 3 1,389 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹1,180–₹1,200 (on pullback near support)

Exit Zone / Profit Booking: ₹1,320–₹1,389 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Bullish momentum with breakout potential

Medium-Term: Trending upward with confirmation from MACD and moving averages

Volume: Elevated, supporting trend continuation

🧭 Conclusion

NESTLEIND is currently trending upward, supported by bullish indicators across the board. Price action above moving averages, strong MACD, and expanding Bollinger Bands suggest continuation. Traders may consider entering on dips near ₹1,180 with targets around ₹1,320–₹1,389, while monitoring RSI and volume for signs of short-term exhaustion or breakout confirmation.

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