The stock $NUVOCO is showing early signs of recovery after a prolonged downtrend. The stock has stabilized near the ₹300 zone and is gradually forming a higher-low structure indicating that selling pressure has started to ease. It is currently trading around ₹321 and attempting to build a base above its recent support levels. The price has been moving within a broad consolidation range of ₹300–330 over the past few weeks. This suggests that buyers and sellers are in balance and a decisive breakout will likely determine the next trend. The immediate support is at ₹310–315 while the major support zone is around ₹295–300. Holding above these levels keeps the recovery trend alive. The first resistance is at ₹330–335. A strong breakout above this zone could push the stock towards ₹350–365 while the next major resistance lies near ₹380. Short-term buyers can consider fresh positions only after a sustained breakout above ₹335 with strong volume confirmation. Until then the stock may continue to trade in a range. A stop-loss below ₹300 is advisable for risk management. Existing holders can continue to hold as long as the stock remains above the ₹295–300 support zone. The recent consolidation indicates that the stock is attempting to form a base after a long correction. A breakout above ₹335 could improve momentum and strengthen the short-term bullish outlook.

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