Nelco technical analysis

According to the latest Pivot data, Nelco’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹701.5, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹712.25, ₹720.75, and ₹731.5, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹693, ₹682.25, and ₹673.75, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Nelco’s price movement.