NESTLEIND 1D Time frame

📊 Current Snapshot

Closing Price: ₹1,194.50

Day’s Range: ₹1,190.20 – ₹1,212.00

52-Week Range: ₹1,055.00 – ₹1,389.00

Volume: Approximately 2.4 million shares traded

Market Cap: ₹2,30,337 Crores

P/E Ratio: 78.40 (reflecting premium valuation)

Dividend Yield: 2.26%

⚙️ Technical Indicators

Relative Strength Index (RSI): 47.51 – Neutral

Moving Average Convergence Divergence (MACD): -4.12 – Bearish

Moving Averages: Mixed signals; short-term averages above the current price, while long-term averages are below, indicating potential resistance.

Pivot Points: Central pivot around ₹1,194.73, suggesting a balanced market sentiment.

🎯 Potential Scenarios

Bullish Scenario: A breakout above ₹1,197.26 with strong volume could target ₹1,202.16 and higher levels.

Bearish Scenario: Failure to hold above ₹1,187.46 may lead to a decline toward ₹1,183.83.

⚠️ Key Considerations

Market Sentiment: Nestlé India has shown strong performance recently, but broader market conditions can impact its movement.

Volume Analysis: Watch for volume spikes to confirm breakout or breakdown signals.

Technical Indicators: While the RSI indicates a neutral stance, the MACD and moving averages suggest caution.