Nestle India - Uptrend halts at Channel, Expecting correction

I see it testing the upper trendline of its long-term rising channel, making the ₹1,500–1,550 zone an important resistance area. After a strong run, I expect some profit booking from these levels, with ₹1,400–1,420 as the first meaningful support and ₹1,300–1,350 as the next downside zone. I would remain cautious at the upper end of the channel and look for lower levels rather than chase the current move. The broader trend remains positive unless the channel support is decisively broken.