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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 2024-04-24 View latest technical analysis

10 day averaged volume of Nelco is 212285

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	778.80	804.00	804.00	769.00	2.132 times
23 Tue Apr 2024	808.55	810.10	848.65	802.00	5.185 times
22 Mon Apr 2024	793.65	749.05	804.30	744.00	1.494 times
19 Fri Apr 2024	742.30	740.45	747.00	734.50	0.268 times
18 Thu Apr 2024	751.45	763.00	764.30	743.05	0.547 times
16 Tue Apr 2024	754.50	717.00	763.00	711.00	0.645 times
15 Mon Apr 2024	723.20	738.00	738.00	708.60	0.465 times
12 Fri Apr 2024	743.35	757.65	759.60	740.00	0.224 times
10 Wed Apr 2024	755.80	756.80	765.00	749.00	0.228 times
09 Tue Apr 2024	749.40	756.05	764.90	745.00	0.282 times

Stock of Nelco (NELCO) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 775.4, but if it comes below 775.4, then a intra day sell could be more profitable.
If you take a sell trade below 775.4, then use 775.4 as stoploss and 744.67 as target. However if you take a buy trade in stock , then use 775.4 as stoploss and 812.4 as target.

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
Upside Target	787.75
Upside Target	814.00
Upside Target	833.00
Upside Target	848.65
Upside Target	854.95
Upside Target	884.00

Intraday share price targets for Nelco (NELCO)

Target Type	Value
Downside Intraday Target	732.32
Downside Intraday Target	685.83
Upside Intraday Target	836.97
Upside Intraday Target	895.13
Upside Intraday Target	790.48

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	778.80	749.05	848.65	744.00	4.577 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Nelco (NELCO)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	778.80	712.00	848.65	695.00	1.049 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Nelco stock for short term is BUY. Signal strength is Strong and stock is losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a SELL signal for Nelco in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 786.53 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 positive

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