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 ₹961.53, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹974.46, ₹987.73, and ₹1000.66, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹948.26, ₹935.33, and ₹922.06, 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.