Nestle India is currently displaying a bullish technical structure after breaking out of a long consolidation phase earlier this month. The stock has decisively rallied above its key resistance zone at ₹1240, backed by strong volume and positive momentum indicators such as MACD and rising RSI, which stands near 68. Major moving averages (10, 20, 50, 100, 200-DMA) are aligned with a ‘Buy’ signal, confirming the broader uptrend on daily and weekly charts. Immediate resistance is seen around ₹1340, with current price action indicating that as long as the stock sustains above ₹1240, the bullish move is likely to continue. This breakout is supported by healthy fundamentals and delivers power to short- and medium-term investors, making Nestle India an attractive pick in the large-cap consumption space.
BUY : NESTLEIND25NOV251290CE( NESTLEIND ) [137489]
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