Nestlé India – Technical Analysis, Support and Resistance

The stock

is showing a strong bearish trend on the daily chart. After reaching nearly ₹1550 in 2026 the stock has formed lower highs and lower lows. It has fallen sharply from the ₹1400–1450 zone and is now trading around ₹1180 indicating continued selling pressure. The recent price action does not yet confirm a trend reversal. Support & Resistance: Immediate support is around ₹1160–1170 followed by ₹1,120–1,140. On the upside, ₹1200–1220 is the first resistance zone, followed by ₹1260–1300. Short-Term Buyers & Holders View: Short-term buyers can wait for price stabilisation and a sustained move above ₹1220 with strong volume before expecting a recovery. A breakdown below ₹1160 may lead to further weakness toward the next support zone. Holders should monitor whether the stock forms a stable base and starts making higher highs and higher lows.