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(NELCO) Nelco complete technical analysis [charts+indicators] | Buy/Sell Nelco | (NELCO) share price targets

Complete technical analysis of Nelco (NELCO) by charts plus indicators, forecast predictions and share price targets for Nelco (NELCO)

Nelco trades in NSE in IT Networking Equipment sector.

Showing technical analysis as on 2024-04-18 View latest technical analysis

10 day averaged volume of Nelco is 102548

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	751.45	763.00	764.30	743.05	1.131 times
16 Tue Apr 2024	754.50	717.00	763.00	711.00	1.336 times
15 Mon Apr 2024	723.20	738.00	738.00	708.60	0.963 times
12 Fri Apr 2024	743.35	757.65	759.60	740.00	0.463 times
10 Wed Apr 2024	755.80	756.80	765.00	749.00	0.471 times
09 Tue Apr 2024	749.40	756.05	764.90	745.00	0.584 times
08 Mon Apr 2024	753.15	763.00	787.75	738.50	1.371 times
05 Fri Apr 2024	761.30	762.10	769.80	750.15	0.546 times
04 Thu Apr 2024	761.05	772.00	774.95	755.05	0.858 times
03 Wed Apr 2024	766.90	749.00	773.95	740.20	2.396 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 755.2 as stoploss in an intra day sell trade for a target of 728.47. However, stock will show a bullish move above 755.2.

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	676.40
Downside Target	690.00
Downside Target	750.00
Upside Target	764.30
Upside Target	774.95
Upside Target	787.75
Upside Target	814.00
Upside Target	833.00
Upside Target	854.95
Upside Target	884.00

Intraday share price targets for Nelco (NELCO)

Target Type	Value
Downside Intraday Target	718.6
Downside Intraday Target	685.75
Upside Intraday Target	774.3
Upside Intraday Target	797.15
Downside Intraday Target	741.45

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	751.45	738.00	764.30	708.60	1.187 times
12 Fri Apr 2024	743.35	763.00	787.75	738.50	0.512 times
05 Fri Apr 2024	761.30	712.00	774.95	695.00	1.775 times
28 Thu Mar 2024	694.15	711.00	714.50	690.00	0.83 times
22 Fri Mar 2024	706.85	710.45	723.95	676.40	0.48 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Nelco (NELCO)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	751.45	712.00	787.75	695.00	0.408 times
28 Thu Mar 2024	694.15	758.80	833.00	676.40	1.417 times
29 Thu Feb 2024	754.20	798.40	814.00	734.15	0.465 times
31 Wed Jan 2024	793.80	795.55	884.00	750.00	1.228 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Nelco (NELCO)

Price action analysis of Nelco ( (NELCO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Nelco ( (NELCO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Nelco ( (NELCO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Nelco stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Nelco in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Nelco Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Nelco in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Nelco is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 754.11 and Nelco (NELCO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Nelco (NELCO) stock. Volume based technical analysis of Nelco (NELCO) stock is negative.

Nelco Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.