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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 2024-04-15 View latest technical analysis

10 day averaged volume of Nelco is 97114

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	723.20	738.00	738.00	708.60	1.017 times
12 Fri Apr 2024	743.35	757.65	759.60	740.00	0.489 times
10 Wed Apr 2024	755.80	756.80	765.00	749.00	0.498 times
09 Tue Apr 2024	749.40	756.05	764.90	745.00	0.617 times
08 Mon Apr 2024	753.15	763.00	787.75	738.50	1.448 times
05 Fri Apr 2024	761.30	762.10	769.80	750.15	0.577 times
04 Thu Apr 2024	761.05	772.00	774.95	755.05	0.906 times
03 Wed Apr 2024	766.90	749.00	773.95	740.20	2.53 times
02 Tue Apr 2024	738.50	722.70	745.00	718.35	1.068 times
01 Mon Apr 2024	718.35	712.00	726.00	695.00	0.882 times

My analysis of stock is bearish for shortterm, and stock might move down till 698.6 or till 667.7. Use a stoploss of 724.41 and if the stock hits stoploss, then it can shoot up till 750.17

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	676.40
Downside Target	690.00
Upside Target	739.60
Upside Target	750.00
Upside Target	774.95
Upside Target	787.75
Upside Target	814.00
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	708.53
Downside Intraday Target	693.87
Upside Intraday Target	737.93
Upside Intraday Target	752.67
Upside Intraday Target	723.27

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	723.20	738.00	738.00	708.60	0.333 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
22 Fri Mar 2024	706.85	710.45	723.95	676.40	0.48 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
15 Mon Apr 2024	723.20	712.00	787.75	695.00	0.324 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Nelco in short term but the buy signal is initial and weak.

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 and SELL signal is strong!

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 749.57 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.