NESTLEIND: Retest at the meeting point of trendline and breakoutNestle India Ltd.NSE:NESTLEINDdgupta88Description: NESTLEIND is at a key confluence on the monthly chart. 📌 The setup Price broke out above 1,288.5 earlier this year and rallied toward the 1,550 zone. It has now pulled back to retest that breakout level. The rising trendline support (~1,299.5) meets the breakout retest level (1,288.5) at the same spot. Two supports at one place makes the 1,288–1,300 zone the decision area. 📊 Key levels Support zone: 1,288 – 1,300 Current price: ~1,307 Upside zones: 1,400 → 1,500 → previous high area Weak below: a monthly close under 1,288 breaks both the trendline and the retest 🧭 Read A hold at this intersection keeps the larger uptrend intact. A break below it shifts the structure to neutral or weak. Watch how the monthly candle behaves at this zone. Scanned by ScanSutra 🔍 Trendline + retest confluence For educational purposes only. Not investment advice.