Nestle India Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – August 04, 2023)

Nestle India closed the previous week on a negative note losing 4.60%

Technically, Nestle India share price will see immediate support at 21,991.30 and immediate resistance would be seen at 23,055.25

If Nestle India share price closes below immediate support of 21,991.30, then sharp breakdown can be seen. Nestle India share price will see major support at 21,501.70 for the week.

On the positive side, immediate resistance will be seen at 23,055.25. Closing above 23,055.25, Nestle India share price will see a sharp breakout. Major resistance for Nestle India share price will be seen at 23,629.60 for the week.

Trading range for Nestle India share price for this week should be between 20,927.35 on down side and 24,119.20 on up side.

Nestle India Previous Week High: 23140

Nestle India Previous Week Low: 22076.05

Nestle India Previous Week Range: 1063.95 Points

Nestle India share price support and resistance for the week (July 31, 2023 – August 04, 2023)