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Price and trend forecast of NESCO for Tomorrow, Weekly, Monthly

Nesco Limited

Symbol: NSE:NESCO

ISIN: INE317F01035

874.45

As on 2024-05-27

597.90 (52W Low) 934.00 (52W High)

NESCO's Today's Performance

Nesco Limited started the day by opening at 879.40 today 2024-05-27. Its shares reached a high of 885.95 and dipped to a low of 862.15 in intraday. When the markets closed, NESCO’s stock price settled at ₹874.45 per share. Also check out its key support and resistance levels.

NESCO Buy/Sell Targets

Tomorrow, buy NESCO when its price reaches ₹ 874.45 with a stop-loss order at ₹ 861.66. You can set the target price as ₹ 887.24 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of NESCO for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for NESCO

Downside Targets Value in ₹
Tomorrow Down Target 1 886
Tomorrow Down Target 2 898
Tomorrow Down Target 3 910

Important Levels for NESCO

Holding Levels Value in ₹
Tomorrow Up Target 1 862
Tomorrow Up Target 2 850
Tomorrow Up Target 3 839
Based on where the stock opens tomorrow, if NESCO opens on a positive note, our first target will be ₹886. If Target 1 is achieved, we will aim for Target 2 which is ₹898.

But if NESCO falls below the average value of ₹874.18, you can enter a sell side position with target number 1 - ₹862 and second target - ₹850 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of NESCO

Looking at NESCO, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, NESCO has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for NESCO is moderate bearish.

Tomorrow's Volume based share price Forecast for NESCO

NESCO's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -44%.

Reversal detection for NESCO

Predicted trend chart of NESCO tomorrow for price forecast
NESCO may trend may continue to be bullish since stock is making higher highs and we can get target of ₹873 in morning tomorrow
Target 1 tomorrow883
Target 2 tomorrow889
Target 3 tomorrow898
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with NESCO's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if NESCO opens on a positive note, our first target will be ₹886.22. If Target 1 is achieved, we will aim for Target 2 which is ₹897.98.

But if NESCO falls below the average value of ₹874.18, you can enter a sell side position with target number 1 - ₹862.42 and second target - ₹850.38

NESCO's Weekly Targets
1st Up Target 886.22
2nd Up Target 897.98
1st Down Target 862.42
2nd Down Target 850.38

As the week for NESCO ended on bearish sentiments, we can expect further continuation of this sentiment. NESCO's initial target will be 886.22 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 862.42 in the upcoming week.

Weekly OHLC Values
Open 879.40
High 885.95
Low 862.15
Close 874.45

Week for NESCO started with an open price of 879.40, and the close was at 874.45. NESCO reached the highest of 885.95 and dipped lowest up to 862.15 last week. This indicates a bearish sentiment for the week.

NESCO full month swing targets
Monthly Up Target 1 910.02
Monthly Up Target 2 921.78
Monthly Down Target 1 838.62
Monthly Down Target 2 802.78

Targets of ₹910.02 can be expected to be reached in the coming month. Once NESCO achieved this target, we can aim for the next upside target of ₹921.78.

NESCO if fails to hold upside, down targets of ₹838.62 and ₹802.78 can be achieved by end of this month.

For complete three weeks if NESCO is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

NESCO is expected to reach the target of 886.22 in tomorrow's trading session.

After achieving the initial target in NESCO, we will aim for higher targets of 897.98 tomorrow.

However, if NESCO starts to trade below ₹874.18, then we will shift our focus to the sell side and aim for down targets of 862.42 and 850.38.