Nestle India Share Price Today on
On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days.
The SMA values for the stock are given below :
Days | Simple Moving Average |
---|---|
5 | 2379.48 |
10 | 2442.65 |
20 | 2557.10 |
50 | 2542.54 |
100 | 2534.11 |
300 | 2534.59 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹2328.0, ₹2396.0, & ₹2452.0, whereas it has key support levels at ₹2204.0, ₹2148.0, & ₹2080.0.
Overall, as per Mint technical analysis, The stock is currently experiencing a strong downtrend.
The median 1-year forecasted upside in this share is at 11.06% with a target price of ₹2510.00.
The company has a 0.00% promoter holding, 4.28% MF holding, & 11.94% FII holding as per filings in the september quarter.
The MF holding has increased from 4.05% in june to 4.28% in the september quarter.
The FII holding has
Nestle India share price down -2.88% today to trade at ₹2260 while its peers are mixed. Its peers such as Britannia Industries, Tata Consumer, Patanjali Foods are falling today, but its peers ADANI WILMAR are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.15% & -0.02% each respectively.
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