Buy Nestle India shares: Choice names FMCG major as top Makar Sankranti 2026 stock pick
At last check on Wednesday, shares of Nestle India were trading 0.11 per cent higher at Rs 1320.10 apiece on the bourses.
- Jan 14, 2026,
- Updated Jan 14, 2026 9:50 AM IST
Broking firm Choice has named FMCG giant Nestle India as its top festive stock pick as the markets commemorate Makar Sankranti on Wednesday. The brokerage sees the Maggi-maker exhibiting strong bullish momentum, suggesting it could be a sweet addition to investment portfolios for the year ahead.
At last check on Wednesday, shares of Nestle India were trading 0.11 per cent higher at Rs 1320.10 apiece on the bourses.
Choice has recommended a ‘Buy’ on Nestle India in the range of Rs 1315 to Rs 1280. The firm has set an upside target of Rs 1444 and Rs 1510 for the stock.
The brokerage noted that Rs 1222 will act as a ‘strong support zone,’ and any breach below this level could temporarily challenge the positive setup, warranting caution.
Analysing the weekly charts, Choice highlighted that Nestle India is forming a well-defined rounding bottom pattern. The stock is maintaining a classic higher-high, higher-low price structure, which technical analysts view as a clear sign of a sustained uptrend.
Giving bulls further confidence is a decisive breakout above the recent swing high of Rs 1311, which the brokerage says significantly strengthens the bullish bias.
From a structural perspective, the counter appears firmly placed in the green zone. Choice points out that Nestle India is trading comfortably above all major exponential moving averages (50, 100, and 200 EMA), reinforcing its strength across both short and long-term timeframes.
Furthermore, the weekly relative strength index (RSI) currently stands at 65 and is trending upward, it said. According to Choice, this indicates strong momentum while still remaining below overbought territory, leaving ample room for further upside.
Broking firm Choice has named FMCG giant Nestle India as its top festive stock pick as the markets commemorate Makar Sankranti on Wednesday. The brokerage sees the Maggi-maker exhibiting strong bullish momentum, suggesting it could be a sweet addition to investment portfolios for the year ahead.
At last check on Wednesday, shares of Nestle India were trading 0.11 per cent higher at Rs 1320.10 apiece on the bourses.
Choice has recommended a ‘Buy’ on Nestle India in the range of Rs 1315 to Rs 1280. The firm has set an upside target of Rs 1444 and Rs 1510 for the stock.
The brokerage noted that Rs 1222 will act as a ‘strong support zone,’ and any breach below this level could temporarily challenge the positive setup, warranting caution.
Analysing the weekly charts, Choice highlighted that Nestle India is forming a well-defined rounding bottom pattern. The stock is maintaining a classic higher-high, higher-low price structure, which technical analysts view as a clear sign of a sustained uptrend.
Giving bulls further confidence is a decisive breakout above the recent swing high of Rs 1311, which the brokerage says significantly strengthens the bullish bias.
From a structural perspective, the counter appears firmly placed in the green zone. Choice points out that Nestle India is trading comfortably above all major exponential moving averages (50, 100, and 200 EMA), reinforcing its strength across both short and long-term timeframes.
Furthermore, the weekly relative strength index (RSI) currently stands at 65 and is trending upward, it said. According to Choice, this indicates strong momentum while still remaining below overbought territory, leaving ample room for further upside.