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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 2024-03-22 View latest technical analysis

10 day averaged volume of Nelco is 225389

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	706.85	703.95	715.75	702.25	0.337 times
21 Thu Mar 2024	703.20	696.75	714.10	696.75	0.354 times
20 Wed Mar 2024	692.55	694.30	700.85	676.40	0.374 times
19 Tue Mar 2024	694.15	715.95	719.35	690.10	0.337 times
18 Mon Mar 2024	709.30	710.45	723.95	704.50	0.341 times
15 Fri Mar 2024	710.45	722.00	733.95	697.05	0.544 times
14 Thu Mar 2024	714.35	698.80	735.00	690.05	0.598 times
13 Wed Mar 2024	700.65	756.90	765.05	681.10	0.921 times
12 Tue Mar 2024	754.20	778.90	779.20	746.00	0.614 times
11 Mon Mar 2024	778.60	812.15	817.00	773.50	0.957 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 709, but if it comes above 709, then a intra day buy could be more profitable.
If you take a sell trade below 709, then use 709 as stoploss and 666 as target. However if you take a buy trade in stock , then use 709 as stoploss and 744.78 as target.

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	676.40
Downside Target	700.00
Upside Target	723.95
Upside Target	797.45
Upside Target	797.65
Upside Target	814.00
Upside Target	817.00
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	680.85
Downside Intraday Target	654.85
Upside Intraday Target	728.4
Upside Intraday Target	749.95
Downside Intraday Target	702.4

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	706.85	710.45	723.95	676.40	0.48 times
15 Fri Mar 2024	710.45	812.15	817.00	681.10	0.605 times
07 Thu Mar 2024	810.10	791.95	833.00	751.00	4.136 times
02 Sat Mar 2024	787.40	791.90	797.65	745.00	0.372 times
23 Fri Feb 2024	788.45	776.25	814.00	753.65	2.114 times

Price has moved down 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 Fri Mar 2024	706.85	758.80	833.00	676.40	1.264 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
29 Fri Dec 2023	794.40	761.80	854.95	739.60	2.538 times

Scroll below to view daily charts

Price has moved down 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 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.

Price action analysis of Nelco ( (NELCO) ) based on a short to mid 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.

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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Nelco in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Nelco in short term but BUY 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 723.28 and Nelco (NELCO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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

Nelco Stock has given negative 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.