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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 2024-04-12 View latest technical analysis

10 day averaged volume of Nelco is 104524

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	743.35	757.65	759.60	740.00	0.454 times
10 Wed Apr 2024	755.80	756.80	765.00	749.00	0.462 times
09 Tue Apr 2024	749.40	756.05	764.90	745.00	0.573 times
08 Mon Apr 2024	753.15	763.00	787.75	738.50	1.345 times
05 Fri Apr 2024	761.30	762.10	769.80	750.15	0.536 times
04 Thu Apr 2024	761.05	772.00	774.95	755.05	0.842 times
03 Wed Apr 2024	766.90	749.00	773.95	740.20	2.35 times
02 Tue Apr 2024	738.50	722.70	745.00	718.35	0.992 times
01 Mon Apr 2024	718.35	712.00	726.00	695.00	0.82 times
28 Thu Mar 2024	694.15	696.90	704.50	690.00	0.916 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 749.6 as stoploss in an intra day sell trade for a target of 723.28. However, stock will show a bullish move above 749.6.

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	676.40
Downside Target	714.50
Upside 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	725.32
Downside Intraday Target	707.28
Upside Intraday Target	774.57
Upside Intraday Target	805.78
Upside Intraday Target	756.53

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
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
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
12 Fri Apr 2024	743.35	712.00	787.75	695.00	0.291 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 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 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 losing 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 below the red 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

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 746.78 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 negative.

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