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MARKET OUTLOOKNESTLEINDSTOCK OUTLOOK

Nestle India Outlook for the Week (December 18, 2023 – December 22, 2023)

Nestle India
Nestle India
Nestle India closed the previous week on a negative note losing 4.04%.

Technically, Nestle India share price will see immediate support at 23,977.35 and immediate resistance would be seen at 24,998.10.

If Nestle India share price closes below immediate support of 23,977.35, then sharp breakdown can be seen. Nestle India share price will see major support at 23,588.30 for the week.

On the positive side, immediate resistance will be seen at 24,998.10. Closing above 24,998.10, Nestle India share price will see a sharp breakout. Major resistance for Nestle India share price will be seen at 25,629.80 for the week.

Trading range for Nestle India share price for this week should be between 22,956.60 on down side and 26,018.85 on up side.

Nestle India Previous Week High: 25240.75

Nestle India Previous Week Low: 24220

Nestle India Previous Week Range: 1020.75 Points

Nestle India share price support and resistance for the week (December 18, 2023 – December 22, 2023)

Level Type Value
Resistance 3 26,018.85
Resistance 2 25,629.80
Resistance 1 24,998.10
Support 1 23,977.35
Support 2 23,588.30
Support 3 22,956.60
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