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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 2024-04-10 View latest technical analysis

10 day averaged volume of Nelco is 110590

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	755.80	756.80	765.00	749.00	0.437 times
09 Tue Apr 2024	749.40	756.05	764.90	745.00	0.541 times
08 Mon Apr 2024	753.15	763.00	787.75	738.50	1.272 times
05 Fri Apr 2024	761.30	762.10	769.80	750.15	0.507 times
04 Thu Apr 2024	761.05	772.00	774.95	755.05	0.796 times
03 Wed Apr 2024	766.90	749.00	773.95	740.20	2.221 times
02 Tue Apr 2024	738.50	722.70	745.00	718.35	0.938 times
01 Mon Apr 2024	718.35	712.00	726.00	695.00	0.775 times
28 Thu Mar 2024	694.15	696.90	704.50	690.00	0.866 times
27 Wed Mar 2024	695.60	696.00	707.40	690.00	1.099 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 750.6, but if it comes below 750.6, then a intra day sell could be more profitable.
If you take a sell trade below 750.6, then use 750.6 as stoploss and 723.83 as target. However if you take a buy trade in stock , then use 750.6 as stoploss and 782.8 as target.

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	676.40
Downside Target	714.50
Downside Target	750.00
Upside Target	774.95
Upside Target	787.75
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	733.62
Downside Intraday Target	711.43
Upside Intraday Target	782.87
Upside Intraday Target	809.93
Upside Intraday Target	760.68

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	755.80	763.00	787.75	738.50	0.43 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
15 Fri Mar 2024	710.45	812.15	817.00	681.10	0.605 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
10 Wed Apr 2024	755.80	712.00	787.75	695.00	0.275 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Nelco ( (NELCO) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 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. Bulls are getting tired and bears are picking up momentum.

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 but buying is losing 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 740.99 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.