Makar Sankranti Stock Pick: Sumeet Bagadia Bet Big On Nestle India For Fresh Highs; Rs 1510 Target Seen

Choice Equity Broking found that Nestle India is a high-conviction "Buy" for Makar Sankranti 2026 due to its strong technical setup. Sumeet Bagadia, Executive Director of Choice Broking, says. NESTLEIND stands out as a strong Makar Sankranti special pick for traders looking to make money from the continuous bullish trend since it has well-defined entry levels, targets, and support zones.

Nestle India Target Price

Buy NESTLEIND @ 1315 & Upto 1280 for the Target of 1444/1510

NESTLEIND is currently trading near Rs 1315 and is exhibiting strong bullish momentum. On the weekly timeframe, the stock is forming a well-defined rounding bottom pattern while maintaining a higher-high, higher-low price structure, indicating a sustained uptrend.

A decisive breakout above the recent swing high of Rs 1311 further strengthens the bullish bias. This breakout is accompanied by rising trading volumes, reflecting increased investor participation and strong buying interest.

From a technical perspective, the stock is trading comfortably above all major Exponential Moving Averages (50, 100, and 200 EMA), reinforcing strength across both short- and long-term timeframes. Moreover, the weekly RSI stands at 65 and is trending upward, indicating strong momentum while still remaining below overbought territory, which leaves room for further upside.

Based on this technical structure, we recommend initiating a buy position in NESTLEIND at the current market price of Rs 1315, and adding on dips towards Rs 1280, for the target of 1444/1510. While on the downside, Rs 1222 would act as a strong support zone, and a breach below this level could temporarily challenge the positive setup, warranting a cautious approach.

Nestle India Q3 Results

"This is to inform you that the unaudited financial results (standalone and consolidated) for the third quarter and nine months ending 31st December 2025 shall be considered by the Board of Directors of the Company at its meeting scheduled for Friday, 30th January 2026. In view of the above event, the Trading Window for dealing in the securities of the Company shall remain closed from 1st January 2026 to 1st February 2026 (both days inclusive)," said Nestle India in a regulatory filing.

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