Nestle India: 3 Drive Bullish Reversal with RSI Divergence!

Observations:

1. Support Zone:

• Price is trading at a significant horizontal support zone around ₹2,160–₹2,200.
  
• Historical price action shows multiple instances of price respecting this level as strong demand.
  

2. Three-Drive Accumulation Pattern:

• A clear "Three Drive" pattern is visible, indicating accumulation at this support level.
  
• This pattern often precedes a bullish reversal.
  

3. RSI Divergence:

• Bullish divergence on the RSI: Price made lower lows while RSI made higher lows, indicating a weakening bearish momentum.
  

Confirmation:

• Monitor price action for bullish candlestick patterns or a significant increase in volume on breakout.