NESTLE INDIA - Double Top Formation

Nestle India, showing some momentum in the long term charts but is slipping below 50DMA and a Double Top formation is also formed on the long term charts. Stocks looks bearish considering the sentiments around them. As we can see massive breakdown around high PE stocks, it can test level around 200 DMA.

DISCLAIMER - I AM NOT A FINANCIAL ADVISOR, ITS JUST A VIEW AND NOT AN ADVISE.