Nestle India Limited shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The stock has broken a resistance level in the short term and given a positive signal for the short- term trading range. The stock has marginally broken up through resistance at rupee 23000.
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An established break predicts
a further rise. Positive volume balance
indicates that volume is high on days with
rising prices and low on days with falling
prices, which strengthens the stock. The
stock is overall assessed as technically
positive for the medium long term.
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