NELCO | Medium-Term Structure | Range / Corrective Phase | 19 MaNelco LimitedNSE:NELCOkacrajOverview NELCO is currently in a corrective range after a prior expansion phase. Price is positioned in the lower half of the range, approaching a demand zone. Structure Prior phase: strong uptrend Current phase: range / corrective Key Zones Supply: 750 – 880 Pivot: 600 – 680 Demand: 480 – 550 Behaviour Price is below pivot → weaker side of structure Near demand → reaction zone What Next Holding demand → move toward 650 – 750 Below demand → continuation of weakness Above supply → range expansion Structure → Level → Trigger → Probability #NF750Census #MarketStructure #StructuralAnalysis #NSE #NELCO #StockMarketIndia