The daily chart shows Nestle India in a clear bullish trend, with orange wave 3 forming as part of navy blue wave 1. This follows the completion of orange wave 2, signaling the start of a new upward impulse phase—typically the strongest part of an Elliott Wave pattern.

The ongoing wave structure reflects significant buying strength. Positioned within navy blue wave 1, the current momentum suggests strong continuation potential. A key level is identified at 4147; a breach would invalidate the current count, suggesting possible trend reevaluation.

This technical setup highlights a favorable phase for potential gains. The wave count implies the stock is poised for a strong advance. Investors should watch for signs of trend continuation, keeping in mind that a corrective wave will follow this phase.

Nestle India Elliott Wave technical analysis

Function: Bullish Trend.

Mode: Impulsive.

Structure: Navy blue wave 1.

Position: Gray wave 1.

Direction next lower degrees: Navy blue wave 2.

Details: Orange wave 4 appears complete; navy blue wave 1 of gray wave 1 is active.

Invalidation level: 4147.

The weekly chart analysis supports a bullish long-term view for Nestle India. The wave pattern shows navy blue wave 1 developing within gray wave 1, after the completion of orange wave 4. This marks the early stage of a larger uptrend.

The impulsive structure reflects solid upward momentum. Institutional buying is likely influencing this advance, with the 4147 level acting as a technical threshold for invalidation.

This structure suggests a long-duration upward trend may be forming, with navy blue wave 1 being just the beginning. The next phase will be navy blue wave 2—a correction that will follow once wave 1 completes.

Traders should track price action for confirmation of this bullish wave while managing risk if the key level is tested. The long-term setup indicates strong potential for continued gains.

Nestle India – NESTLEIND Elliott Wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD gathers recovery momentum, trades near 1.1750

Following the correction seen in the second half of the previous week, EUR/USD gathers bullish momentum and trades in positive territory near 1.1750. The US Dollar (USD) struggles to attract buyers and supports the pair as investors await Tuesday's GDP data ahead of the Christmas holiday.

GBP/USD knocks ten-week highs ahead of holiday slowdown

GBP/USD found room on the high side on Monday, kicking off a holiday-shortened trading week with a fresh spat of Greenback weakness, bolstering the Pound Sterling into its highest bids in ten weeks. Pound traders are largely brushing off the latest interest rate cut from the Bank of England as the UK’s central bank policy strategy leaves the water murky for rate-cut watchers.

Gold buying remains unabated; fresh all-time peak and counting

Gold builds on the previous day's blowout rally through the $4,400 mark and continues scaling new record highs through the Asian session on Tuesday. Bets for more interest rate cuts by the US Fed, renewed US Dollar selling bias, and rising geopolitical uncertainties turn out to be key factors driving flows towards the bullion. Traders now look to the delayed release of the revised US Q3 GDP print and US Durable Goods Orders for a fresh impetus.

Year ahead 2026: Where will Bitcoin be in a year’s time?

Bitcoin, which accounts for roughly 60% of total crypto market capitalization, entered 2025 with unstoppable momentum under a crypto‑friendly Trump administration. The rally was supported by major regulatory wins and accelerating institutional adoption.

Ten questions that matter going into 2026

2026 may be less about a neat “base case” and more about a regime shift—the market can reprice what matters most (growth, inflation, fiscal, geopolitics, concentration). The biggest trap is false comfort: the same trades can look defensive… right up until they become crowded.

XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.