NestleInd - at PE support ; trendline and horizontal support

See PE line in bottom - PE is sustained above 72, with high of 90, suggesting a potential upside of 25%
Whenever PE is at 72, the stock price has gone up as can be seen in the positions marked with Blue flag

HDFC Securities has Buy call with target - 2600

Trade active at 2356
Target - 2630
Avg at - 2238
SL - 2174

Avg price = 2297

Target from avg price = 14.5 %
Target without averaging = 11.6%
SL = 5% (after averaging)
R2R: 2.9 (after averaging)

Just an idea. Not a recommendation.

Trade active.