Good time and money with Nestle India Ltd

Nestle India Ltd is one of the biggest players in the FMCG sector of the country dominating the noodle and hot beverage categories of products followed by the largest segment i.e.., Milk products and Nutrition with 44% sales share. Also the company has been outperforming the industry and significantly growing over years by providing constant profits.
The company’s Q4 profit surged by 38% to Rs.473 crore which shows the performance of the company and its revenue generating products have been successful throughout the years in capturing the market. The following Ichimoku cloud indicator shows the bullish trend of the stock in the market that is displayed through the formation of green cloud. The conversion line is above the base line during the green cloud, while the lagging line’s candlestick is also bullish, indicating a strong buy signal for the stock.
 

Despite of going red for consecutive three trading sessions, the trend for the stock has not changed as the market sentiments remain unaltered after the economic slowdown or Coranavirus which would not affect the stock in the long-run. The volume traded during the bearish trend are shown by the Swing trend displaying that the shares were sold in a large quantity.
The following chart shows the upward trend of the stock over the years and the returns that it has generated from August 2019 till date. The share price has increased by Rs.3200-3220 from 18/8/19 to 28/2/20 as the trend of the stock remained bullish throughout. The Bollinger bands also shows an upward trend in the share price of the company despite of the decline in price. The company’s share is one of the stabilized and high-performing of the sector because of its reputation and presence in the market.

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