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RajuDatla

NESTLE INDIA - new 20-month consolidation Breakout

Long
NESTLE INDIA (NSE:NESTLEIND)  
RajuDatla  
NSE:NESTLEIND   NESTLE INDIA
Trend Analysis
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trendanalysis
NESTLE INDIA, weekly scale, broke out from a 20-month consolidation to new all-time high. Its Relative Performance to CNX 500 (RS Line) made a 52-week high as well. Momentum indicators, RSI & DMI/ADX are indicting strength in the trend. Looks poised for some good rally ahead.

Only personal analysis. No recommendation.
Raju KMS Datla
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