"Nestlé at ₹1050–₹1070: Strong Support Meets Premium Valuation.NESTLE INDIA LTDNSE:NESTLEINDrahul251. Technical Overview Nestlé India is approaching a strong ₹1050–₹1070 demand zone, aligned with the Monthly 20 EMA. This is also Breakout level acted as strong support multiple times around 7 times in the past. Price is coming down from an overvalued zone and is now near fair value, making it more attractive for long-term entry. 2. Latest Fundamental Triggers Q1 FY26 Revenue ₹5,096 crore, up ~6% YoY – growth driven by urban demand Q1 FY26 Profit ₹647 crore, down ~13% YoY – due to higher cocoa, coffee, and operating costs Bonus Issue 1:1 bonus shares announced – improves liquidity & attracts more investors Book Value per ShareIncreased from ₹34.65 to ₹41.59 – stronger intrinsic value ROEFell from ~118% to ~80% – still strong for FMCG sector 3. Investment Strategy Approach: accumulation Near ₹1050–₹1070. First Target 1235 Second Target 1350 Horizon: 3 Year + for margin recovery, structural growth, and market re-rating. Risk Control: Consider partial exit or stop-loss if price closes below this zone on the monthly chart.