Is Nestle India technically bullish or bearish?

As of 18 July 2025, the technical trend for Nestle India has changed from mildly bullish to bullish. The current stance is bullish with a strong emphasis on the weekly MACD and Bollinger Bands, both indicating bullish momentum. Daily moving averages also support this bullish outlook. However, the monthly MACD and KST are mildly bearish, suggesting some caution in the longer term. The Dow Theory indicates a mildly bullish stance on the weekly chart but remains mildly bearish on the monthly. Overall, the strength of the bullish trend is supported by recent price action, with a notable return of 2.82% over the past week, outperforming the Sensex.