Nesco @ 555 - Weekly Chart
1 .Earlier uptrend from 400 to 800 odd levels got interrupted due to fear of pandemic. Sharp reversals are generally expected when stock is in parabolic uptrend - I mean Covid was just some excuse to book profits from this one year one bagger stock.
2. As shown by the signpost, people who bought in that super long bullish candle are...
Nesco looks like Wave 4 should end here at CMP 500/- and can be bought here with smaller risk of 20 points, i.e. 480-478/- for the higher targets of minimum 600/-
Helloo!! It's a good stock for intraday or swing trade because it's a range-bound stock tgt for buy after confirmation can be 458 and so 440 and tgt for sell after confirmation can be 427. #my_view #learner but looks more on the upper side.
Nesco just gave breakout CMP:445 also now above 200 EMA so expecting to move upwards.
Expecting psychological resistance at 500,600,700
Major support: 380
![NESCO: NESCO - at support [ 428-418 ]](https://s3.tradingview.com/2/2BCIZLRW_mid.png "NESCO - at support [ 428-418 ]")
