Nestle India Limited has broken the falling trend channel in the medium long term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The stock has broken a resistance level and given a positive signal for the long- term trading range. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 20000 rupee. Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock.
Nestle India - Share Price Technical Analysis to Buy or Sell
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