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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 2024-04-22 View latest technical analysis

10 day averaged volume of Nelco is 84900

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	793.65	749.05	804.30	744.00	3.735 times
19 Fri Apr 2024	742.30	740.45	747.00	734.50	0.67 times
18 Thu Apr 2024	751.45	763.00	764.30	743.05	1.367 times
16 Tue Apr 2024	754.50	717.00	763.00	711.00	1.614 times
15 Mon Apr 2024	723.20	738.00	738.00	708.60	1.163 times
12 Fri Apr 2024	743.35	757.65	759.60	740.00	0.559 times
10 Wed Apr 2024	755.80	756.80	765.00	749.00	0.569 times
09 Tue Apr 2024	749.40	756.05	764.90	745.00	0.705 times
08 Mon Apr 2024	753.15	763.00	787.75	738.50	1.656 times
05 Fri Apr 2024	761.30	762.10	769.80	750.15	0.66 times

Stock of Nelco (NELCO) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 797.9, for a target of 763.6 or 735.09

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	676.40
Downside Target	690.00
Downside Target	734.15
Downside Target	774.95
Downside Target	787.75
Upside Target	804.30
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	757
Downside Intraday Target	720.35
Upside Intraday Target	817.3
Upside Intraday Target	840.95
Downside Intraday Target	780.65

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	793.65	749.05	804.30	744.00	0.776 times
19 Fri Apr 2024	742.30	738.00	764.30	708.60	1.379 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

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
22 Mon Apr 2024	793.65	712.00	804.30	695.00	0.532 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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Nelco in short term and the buy signal is strong.

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. Bulls 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 moving up

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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 761.64 and Nelco (NELCO) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive

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