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Technicals for Nestlé India Limited
By MusingTheNews
2026-02-03 20:49
Overall Technical outlook
Price Summary
On 2026-02-03, Nestlé India Limited's stock began at 1330.0, peaked at 1340.4, bottomed at 1291.1, and closed -1.65% down at 1308.0, with a volume of 1232172 shares. The stock's highest value over the last 52 weeks is 2472.6, and the lowest value is 1089.4. Analysts' predictions indicate that NESTLEIND's future price will be between 1010.0 and 1500.0, with a mean price expectation of approximately 1298.5.
Technicals
Support and Resistance: At 1308.0, the price is supported by 1289.5 and resisted by 1314.8. This indicates that the price for Nestlé India Limited might fluctuate between these levels, with 1289.5 acting as a support and 1314.8 limiting further upward movement. Support/Resistance for NESTLEIND
Aroon: Aroon's bullish trend continues, with Aroon Up remaining at the 100 level. This indicates sustained bullish momentum, but to fully understand the trend's implications, it should be analyzed alongside other indicators. A more comprehensive assessment will provide a clearer picture of the direction. Aroon chart for Nestlé India Limited
Bol. Bands: The recent drop below the upper Bollinger Band hints at a possible downward trend. This movement might indicate that the asset is losing strength and is overbought, suggesting that a correction is imminent. Traders often see this as an early signal of a reversal, making it an essential point for decision-making in trading strategies and positions. Bolinger Bands chart for Nestlé India Limited
Parabolic SAR: The PSAR remains bullish, setting a strong support level that could underpin further upward movement. This persistent bullish outlook suggests that the market may continue its positive trajectory, with the established support acting as a safety net. Parabolic Stop and Reverse chart for Nestlé India Limited
Stochastic: The STOCHASTIC is currently in a neutral position for Nestlé India Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Stochastic chart for Nestlé India Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned bearishly, indicating a downtrend. However, the slopes of the 20 and 50 SMAs are starting to waver, suggesting that this bearish momentum might be fading. This could be an early indication of a potential bullish reversal, as the market's current downward trend loses strength and prepares for a possible shift towards more positive price action. Tripple SMA chart for Nestlé India Limited
To derive valuable insights from a company's technical performance, it is essential to first understand its fundamentals. This includes its financial health, business model, and market share. Equally important is the industry context, such as competition, consumer demand, and market trends. By examining these aspects together, investors can gain a more comprehensive view of how the company's stock behaves and whether it's aligned with its underlying value.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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