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Nestle India closed the previous week on a negative note losing 4.78%.
Technically, Nestle India share price will see immediate support at 2,396.57 and immediate resistance would be seen at 2,518.17.
If Nestle India share price closes below immediate support of 2,396.57, then sharp breakdown can be seen. Nestle India share price will see major support at 2,347.63 for the week.
On the positive side, immediate resistance will be seen at 2,518.17. Closing above 2,518.17, Nestle India share price will see a sharp breakout. Major resistance for Nestle India share price will be seen at 2,590.83 for the week.
Trading range for Nestle India share price for this week should be between 2,274.97 on down side and 2,639.77 on up side.
Nestle India Previous Week High: 2541.9
Nestle India Previous Week Low: 2420.3
Nestle India Previous Week Range: 121.6 Points
Nestle India share price support and resistance for the week (May 20, 2024 – May 24, 2024)
| Level Type | Value |
|---|---|
| Resistance 3 | 2,639.77 |
| Resistance 2 | 2,590.83 |
| Resistance 1 | 2,518.17 |
| Support 1 | 2,396.57 |
| Support 2 | 2,347.63 |
| Support 3 | 2,274.97 |
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