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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 2024-04-03 View latest technical analysis

10 day averaged volume of Nelco is 90876

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	766.90	749.00	773.95	740.20	2.703 times
02 Tue Apr 2024	738.50	722.70	745.00	718.35	1.141 times
01 Mon Apr 2024	718.35	712.00	726.00	695.00	0.943 times
28 Thu Mar 2024	694.15	696.90	704.50	690.00	1.054 times
27 Wed Mar 2024	695.60	696.00	707.40	690.00	1.338 times
26 Tue Mar 2024	696.60	711.00	714.50	694.00	1.199 times
22 Fri Mar 2024	706.85	703.95	715.75	702.25	0.836 times
21 Thu Mar 2024	703.20	696.75	714.10	696.75	0.878 times
20 Wed Mar 2024	692.55	694.30	700.85	676.40	0.928 times
19 Tue Mar 2024	694.15	715.95	719.35	690.10	0.836 times

Stock of Nelco (NELCO) has showed a significant upmove. This could be a good time to enter in 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 766.3, but if it comes below 766.3, then a intra day sell could be more profitable.
If you take a sell trade below 766.3, then use 766.3 as stoploss and 730.18 as target. However if you take a buy trade in stock , then use 766.3 as stoploss and 809.7 as target.

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	676.40
Downside Target	714.50
Downside Target	751.00
Upside Target	773.95
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	716.62
Downside Intraday Target	666.33
Upside Intraday Target	795.57
Upside Intraday Target	824.23
Downside Intraday Target	745.28

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	766.90	712.00	773.95	695.00	1.333 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
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

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
03 Wed Apr 2024	766.90	712.00	773.95	695.00	0.145 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 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 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 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 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 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 718.78 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 negative.

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