Short Term Elliott Wave view suggests that the rally in Nestle India from March 23 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from 3.23.2020 low of 12200, wave (1) ended at 11705 and wave 2 pullback ended at 9047.50. In the chart below.
Wave (5) is in progress with the Target Price of 18200 to 19157 odd levels. NSE:NESTLEIND