NESTLE INDIA

FUNDAMENTALLY it's a good stock to hold for the long term, But this it's not the right time to BUY because based on P/E 79 (Below 24 is safe) it's highly expensive.

Technically also BEARISH since it's rejected from 18816 RESISTANCE LEVEL.

8th FEB 2018 This UPTREND is continued.

on DEC 23rd/24th/28th Rejected from 18816 LEVEL become RESISTANCE LEVEL.

18816 RESISTANCE STOP LOSS for SHORT SELL

15303 SUPPORT 1

12545 SUPPORT 2