Nestle India Ltd – 1W

Trend: Stock is forming a higher low after a long base near 1,070–1,120 and is slowly reclaiming the upper range of its multi-month structure. Support & Resistance: Support: 1,236, then 1,068 Resistance: 1,390 (Fresh Breakout Level) Expected Move: A weekly close above 1,390 can trigger a trend reversal from sideways to bullish. Until then, price remains in a broad range. Short Fundamentals Summary: Nestlé has strong brand equity, consistent cash flows, stable margins, and defensive business characteristics suitable for long-term portfolios. Final Verdict: Slow but steady improvement. Watch for a clean breakout above 1,390.