26 Nov, 2023
NESTLEIND hit its 52 week low of ₹17,880 on 15 Mar 2023 and from there it move to ₹24138 which is just ₹606 less than it 52 Week High of ₹24745, giving a whopping 35.01% return in just 8 months and 9 days
NESTLEIND is just ₹606.05 less than the 52-Week High of ₹24,745. Notably, the All-Time High is same as the 52-Week High. Lets find out what opportunities lies ahead for NESTLEIND
For those considering an exit, the Golden Extension (161.8%) level of ₹28987 offers a promising point, given the likelihood of a downward momentum from these levels as investors might start booking their profits at these levels.
For those considering an entry, the Golden Ratio (61.8%) retracement level of ₹20502 offers a promising point, given the likelihood of a pullback from these levels as new investors might come in at these levels.