Nestle Share Price Analysis

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NESTLE @ 2466 LEVELS UPDATE
Stock showing oversold sign in short term time frame. A positive divergence is visible on 1hr time frame. Downside 2450-2400 spot becomes a key mom dad support to watch on daily closing basis. 

If this support manage to hold then in next couple of days NESTLE will once again starts its up move towards 2650 and above levels.

#NOTE: if it closes below 2450-2400 spot then stock turns sideways for few more days so understand the importance of 2450-2400 support & act accordingly

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