BUY NESTLE INDIA
Prasanna Danda
Prasanna Danda
Assistant Vice President @ SmartStream Technologies | Client Engagement and Onboarding
Nestle has seen a decrease in profit of 44% due to Maggi ban. since that news has been already discounted in the price, market has not reacted to the results announced today.
There is Doji formed today with the increase in buyers(volume in green).
I expect Maggi will perform well in the last quarter as Maggi is back in the market.
BUY NESTLE INDIA at 5057 with a target of 5400.
stop loss at 5000.