NESCO LTD – Fibonacci Breakout Analysis (Monthly Chart)

📈 Interpretation: The stock has broken its all-time high (₹1,177.30) decisively on monthly charts. This confirms a Fibonacci breakout, typically indicating strong upside continuation. The next Fibonacci extension target is around ₹1,668 (1.618 level) followed by ₹2,462 (2.618 level). 🛡 Support Zones: ₹1,175–1,200: Former resistance → Now strong support ₹1,000: Psychological and Fibonacci level ₹840: Dynamic support (approx. 50-month MA as shown in purple) 📊 Conclusion: NESCO has confirmed a breakout beyond long-term resistance, with strong momentum and clean Fibonacci structure. Short-term target: ₹1,670 Longer-term target: ₹2,460+ Risk reduces significantly if the stock sustains above ₹1,200 on closing basis.